Robert Morette, head of strategic planning at hedge fund manager Citadel Investment Group, Chicago, will be leaving before the end of the month. Spokesman Steve Bruce said Mr. Morette accomplished what he set out to do and will explore other options in the industry. Citadel has no plans to replace Mr. Morette, said Mr. Bruce.
Separately, Citadel is in the middle of search for a head of global marketing, a new position. Mr. Bruce said the successful candidate will be expected to develop and maintain "relationships with the world's premier investors." Mr. Bruce confirmed Citadel is not currently accepting new clients. Mr. Bruce did not have details about the search, but said the company hopes to announce a candidate soon.