Peng Zhao

Peng Zhao (simplified Chinese: 赵鹏; pinyin: Zhào Péng) is a Chinese-American businessman who is the CEO of Citadel Securities. Peng Zhao was born in Beijing, China.[2]

For the Chinese football player, see Zhao Peng.
Peng Zhao
赵鹏 (Chinese)
Born1982/1983 (age 38–39)[1]
Beijing, China[2]
Alma materUniversity of California, Berkeley (PhD)[2]
OccupationBusinessman
Years active2006-present[3]
EmployerCitadel Securities
TitleCEO (2017-present)[3]
Board member ofMuseum of Science & Industry in Chicago[4]
Spouse(s)Cherry Chen

Education

Zhao attended Peking University and earned a bachelor's degree in applied mathematics in 2001.[5][6] In 2006, he obtained his PhD degree in statistics from University of California, Berkeley.[2]

Career

Peng Zhao was a summer associate at Lehman Brothers and served as a quantitative researcher at Evnine & Associates prior to joining Citadel.[7]

Peng Zhao joined Citadel Securities in 2006 as a quantitative researcher.[8]

In July 2016, Citadel Securities announced that then Microsoft COO, B. Kevin Turner, was joining the firm as CEO.[9] At this time a new role, chief scientist, was created specifically for Peng Zhao who was then global head of market making.[9] Five months after joining, Kevin Turner left Citadel Securities, and on January 27, 2017, at age 34, Peng Zhao was promoted to CEO.[1][9]

In 2019, Zhao was named on Fortune's 40 Under 40 list.[2]

Philanthropy

Zhao and his wife organized a 1 million surgical mask donation to Chicago's first responders during the coronavirus pandemic in 2020.[10]

References
  1. Marek, Lynne (3 February 2017). "If one Citadel is good, could two be better?" (Finance & Banking). Chicago, IL, United States: Crain's Chicago Business. Crain Communications, Inc. Retrieved 13 December 2019.
  2. "How the 40 Under 40 Get Stuff Done: Their Favorite Productivity Hacks". United States: Fortune. Fortune Media IP Limited. 10 July 2019. Retrieved 24 September 2019.
  3. Delevingne, Lawrence; McCrank, John (17 January 2017). "Peng Zhao replaces Kevin Turner atop Citadel Securities" (Wealth). New York, N.Y., United States: Reuters. Thompson Reuters. Retrieved 6 January 2020.
  4. Gordon, Amanda (3 October 2019). "Ken Griffin's $125 Million Gift Gets His Name on Chicago Museum" (Wealth). United States: Bloomberg News. Bloomberg L.P. Retrieved 6 January 2020.
  5. "For its next CEO, Citadel Securities turns to a veteran". Crain's Chicago Business. 30 January 2017. Retrieved 27 January 2020.
  6. "Peng Zhao's homepage at Berkeley".
  7. "Peng Zhao". 2013-10-22. Retrieved 2020-08-18.
  8. McCrank, John; Mazzilli, Meredith (22 May 2018). "Exclusive: Citadel Securities ups ETF game as part of growth push" (Business News). New York, N.Y., United States: Reuters. Thompson Reuters. Retrieved 6 January 2020.
  9. Massa, Annie; Leising, Matthew (27 January 2017). "Wal-Mart to Wall Street Dream Dies as Citadel Securities CEO Out" (Business). United States: Bloomberg News. Bloomberg L.P. Retrieved 6 January 2020.
  10. Main, Frank (2020-05-12). "Chinese Americans in Chicago donate 1 million surgical masks to city's first-responders". Chicago Sun-Times. Retrieved 2020-08-18.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.