Commercial and investment banking presentation 1.pptx
1. Presentation topic: FAMOUS BANKER
Submitted to: Madam Anum Shafique
Submitted by: M. Saud Nagra
Abu Hurraira
Talha Nadeem
Usama butt
Subject Name: Commercial and investment banking
3. Ken Griffin (Net
worth: $16 to $22
billion)
Ken Griffin has been managing assets with
Citadel and his net worth is estimated
around $7.6 billion. He has helped to build a
diverse fund pool, which makes part of one
of the most competitive investment banks
across the U.S. He oversees assets
amounting to more than $25 billion
KEN GRIFFIN(U.S $16 to $22
billions)
4. Profile
Kenneth Cordele Griffin (born October 15, 1968) is an
American hedge fund manager, entrepreneur and
investor. He is the founder, chief executive officer, co-
chief investment officer, and 85% owner of Citadel LLC, a
multinational hedge fund and the largest market
maker in the U.S. Griffin has an estimated net worth of
either US$16 billion or US$21 billion,making him the 2nd
richest person in Illinois and the 45th richest person in
America.
5. Cont.
Griffin was born in 1968 in Daytona Beach, Florida, the son of a
building supplies executive. Griffin’s father was a project manager
for General Electric. Griffin’s grandmother, Genevieve Huebsch
Gratz, inherited an oil business, three farms, and a seed business.
Griffin grew up in Boca Raton, Florida, with some time in Texas, and
Wisconsin. He went to middle school in Boca Raton followed by
Boca Raton Community High School, where he was the president of
the math club. In high school, Griffin ran a discount mail-order
education software firm out of his bedroom called EDCOM. In a
1986 article in the Sun-Sentinel, Griffin stated that he thinks he will
become a businessman or lawyer.
6. Organization
Citadel LLC (formerly known as Citadel Investment
Group, LLC) is an American multinational hedge
fund and financial services company. Founded in
1990 by Kenneth C. Griffin, the company operates
two primary businesses: Citadel, one of the
largest hedge funds with more than US$38 billion
in assets under management as of August 31,
2021); and Citadel Securities, the largest market
maker in stocks, options, and interest rate swaps
for retail and institutional clients, handling 40% of
the stock trades in the United States. The
company has more than 1,400 employees, with
corporate headquarters in Chicago, operational
headquarters in Manhattan, and offices
throughout North America, Asia, and Europe.
Founder, CEO and Co-CIO Kenneth C. Griffin owns
approximately 85% of the firm.
Citadel(1990, $39 billion, Net
worth
7. Cont.
There are three companies: Citadel the asset manager,
Citadel Securities the market maker, and Citadel Technology.
As of January 2016, Citadel manages more than $29 billion in
capital and is one of the world's largest asset managers. Citadel
ranks as the eleventh largest hedge fund manager in the world,
and in 2006 the second largest multi-strategy hedge fund globally.
Citadel's group of hedge funds rank among the largest and most
successful hedge funds in the world In 2014, Citadel became the
first foreign hedge fund to complete a yuan fundraising as part of a
program to allow Chinese investors to invest in overseas hedge
funds.
8. Success story
After graduating from Harvard, Frank C. Meyer, an investor, and founder of
Glenwood Capital LLC, provided Griffin with $2 million to invest. Griffin
exceeded Meyer’s expectations, and according to the New York Times, Meyer
made an 80% return on the investment. In 1990, Kenneth founded Citadel with
$8 million. By 1998, Citadel had grown to a team of more than 100 employees
and $1 billion in investment capital. In June 2002, Kenneth was included in CFO
Magazine Global 100, a list of the most influential people in the world of
finance. In March 2015, Citadel received a Top 10 Great Workplaces in Financial
Services ranking by a Great Places to Work Institute, based on a survey by
Citadel employees. Kenneth was credited for implementing a collaborative work
culture and providing perks to employees. Because which includes free lunch,
fitness programs, personal gifts, and museum tours.
9. Cont.
In 2003, Griffin made contributions to the Robin Hood
Foundation. But in October 2006, the Griffin and the Bill
and Melinda Gates Foundation-funded. And supported
the opening of a new charter school in Chicago called
Woodland High School.
During the pandemic, Griffin funded the State
Department’s rescue of 800 U.S. Citizens from Wuhan
and donated $45 million to community initiatives in cities
like Chicago and Miami.
