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Citadel Says It Will Move Offices to Miami Because of Crime in Chicago

  • June 24, 2022

“We continue to lead the nation in corporate relocations and had a record number of business start-ups in the past year,” Ms Bittner said.

A spokesman for Mayor Lori Lightfoot of Chicago said in a statement, “Citadel leadership has been signaling for some time an enhanced presence in Florida, and while this announcement is not surprising, it is still disappointing.” He added, “We thank the Citadel team for their contributions to our city and their many philanthropic commitments.”

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

Mr. Griffin gave roughly $21.5 million through March to groups supporting the election of Republican candidates around the country during the 2022 election cycle, according to Open Secrets. He is among the biggest supporters of Gov. Ron DeSantis of Florida, a Republican, according to Open Secrets.

Mr. Griffin founded Citadel in Chicago in 1990 and, alongside his partners, Citadel Securities in 2002. Combined, the two firms employ more than 1,000 people in Illinois. Globally, they employ 4,000 professionals across 17 offices.

Citadel told employees that the firm’s new headquarters would be in Brickell, Miami’s financial district, and that the move was expected to take several years. Some employees of Citadel Securities have already begun to work out of temporary offices in the city, and employees of Citadel will soon follow.

Article source: https://www.nytimes.com/2022/06/23/business/citadel-offices-miami.html

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