Former Citigroup Trader Ben Lynch Said to Join MooreAlexis Xydias and Katherine Burton
Ben Lynch, who left his job as global head of centralized risk trading at Citigroup Inc. in London last month, is joining Moore Capital Management LP, according to two people familiar with the situation who asked not to be identified because the matter is private.
Sharron Silvers, a spokeswoman for Moore at Burson-Marsteller, declined to comment when contacted by Bloomberg News by e-mail.
New regulations since the financial crisis have accelerated the movement of Wall Street’s top traders to hedge funds, long the destination for those who want to make the riskiest bets and earn the most money.
Michael Pringle, Citigroup’s London-based global head of equities trading, also left the bank last month to join Moore Capital, the $15 billion hedge-fund firm run by Louis Moore Bacon.
Central-risk desks monitor positions within the various trading teams at investment banks to ensure the firms efficiently hedge and broker client orders.