Citadel Announces It Will Move Offices to Miami Due to Crime in Chicago

Mr. Ahmed, the Citadel’s spokesperson, said, “In Chicago alone, Ken has donated more than $600 million to educational, cultural, medical and civic organizations.

Mr. Griffin has given about $21.5 million through March to groups supporting the election of Republican candidates across the country during the 2022 election cycle, according to Open Secrets. He is among the biggest supporters of Governor Ron DeSantis of Florida, a Republican, according to Open Secrets.

Mr. Griffin founded Citadel in Chicago in 1990 and, along with his partners, Citadel Securities in 2002. Together, the two companies employ more than 1,000 people in Illinois. Globally, they employ 4,000 professionals in 17 offices.

Citadel told employees that the company’s new headquarters will be in Brickell, Miami’s financial district, and the move is expected to take several years. Some Citadel Securities employees have already started working in temporary offices in the city, and Citadel employees will follow soon.

Mr. Griffin, who was born in Daytona Beach, Florida, and grew up in Boca Raton, Florida, will also move to Miami.

In the note to employees, he recalls the welcome he received in Chicago when he created his company. “I still remember the incredible civic pride and commitment when I arrived over 30 years ago – and the outreach of corporate and political leaders who wanted us to succeed and be part of the fabric of the Chicago community,” he wrote.

The announcement was celebrated by Mayor Francis Suarez of Miami, who gave Mr Griffin a “warm welcome to Miami”. Mr. Suarez has courted big business since his election in November 2017, and many companies have taken advantage of Florida’s lack of state and local income taxes. Among those who have moved are hedge fund Elliott Management and private equity firm Black stone.

Leave a Comment

Your email address will not be published.

Scroll to Top