The Unmatched Contributions of Citadel’s CEO

With only a fax machine, a telephone and a PC, Ken Griffin began trading straight away from his dormitory room in Harvard. From such a humble and ambitious start, Griffin was able to impress Frank Meyer who was the pioneer of hedge fund and also a co-founder of Glenwood Partners that is based in Chicago. In 1990, Kenneth Griffin founded Citadel where he assumed the role of Chief Executive Officer. Citadel Group is a diverse financial firm that includes Citadel, an alternative asset manager that is leading in the industry; Citadel Securities, a leading provider of liquidity in the capital markets all over US; and Citadel Technology, provider of solution for the investment management technology. Currently, Citadel employs over 1,200 staffs. Griffin actively supports education programs that are aimed at improving the community. He is a board member of Chicago Public Education Fund. He also proudly supports his alma mater Harvard University. This is where he graduated with a bachelor’s degree. The benefactions of Griffin according to Forbes that are aimed at improving and enriching other people’s lives have surpassed $250 million in total through his own personal contributions and the Citadel Foundation. He has also contributed to the Lurie Children’s Hospital, University of Chicago, and Art Institute. Griffin donated $150 million to Harvard making it the largest financial gift the university has ever received. In order to recognize Griffin’s historic gift, the college officially changed the name of the Financial Aid Office in his honor. The financial aid was principally aimed at supporting financially needy students pursue their academics. The university’s leaders, alumni, students and friends gathered to thank him and make aware of the influence the gift is to have on the coming generations. The generous gift is expected to transform various lives of students at the Harvard College. It is going to underpin the long-standing pledge to making education at Harvard College affordable for students irrespective of their financial backgrounds. Griffin tells of how his experience in Harvard helped change his life. He hopes that his contribution will bring possibilities of the best and brightest in the country as well as the world and get to have a similar experience as him. To add on to the 200 Griffin scholars that are expected to benefit from his gift, the leadership challenge run by Griffin will contribute about 25% of cost of about 600 extra undergraduate scholarships. Leadership Challenge is aimed at encouraging other people to stabilize long-term fiscal needs and support financial aid of the leading financial aid program of Harvard. The excellence of Harvard is founded on attracting the finest and brightest students. Thanks to the tremendous generosity of Griffin, the strength of the foundation has been enhanced and will continue being strong for years to come. Kenneth was praised for his inspiring leadership and for his aid in making Harvard education available to all young persons with talent. Griffin noted that his vision which he shares with the college’s administration is to ensure that Harvard continues to remain as the greatest meritocracy that is open and accessible every talented young person in the world.

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