Citadel Securities expands in Asia

Citadel Securities has named Prakash Subramanian KV as country head for India and Singapore, adding a former Millennium executive as it expands in Asia. (reuters.com) The appointment was announced Wednesday, April 29, 2026. Reuters reported that Subramanian had run Millennium’s India operations for more than three years before joining Citadel Securities this month. (reuters.com) Bloomberg reported the hiring is part of a broader Asia buildout that includes plans to bring Citadel Securities’ “high-touch” equities business to the region. That service is aimed at large institutional stock trades that need human handling, not just automated execution. (bloomberg.com) (news.bloomberglaw.com) Citadel Securities President Jim Esposito told Bloomberg the firm wants to use its electronic trading strength to win more large, concentrated orders through added services and relationship management. Bloomberg Law said that includes allowing Asia clients to trade U.S. equity blocks. (bloomberg.com) (news.bloomberglaw.com) A block trade is a very large stock order, usually handled quietly to avoid moving the market. Citadel Securities has been pushing into that business in the United States as it tries to compete more directly with Wall Street banks. (bloomberg.com) (msn.com) The Asia expansion also lands in a market where global trading firms have been increasing their India presence. Reuters said Citadel Securities is among several firms building in India, where derivatives volumes have drawn market makers and proprietary trading groups. (reuters.com) (msn.com) This is not Citadel Securities’ first senior Asia hire from Millennium. Bloomberg previously reported, and industry coverage later noted, that Vikesh Kotecha was recruited to lead Asia after a stint at Millennium. (efinancialcareers.com) The new structure links two hubs with different roles: India as a fast-growing trading market and talent base, and Singapore as a regional center for client coverage and cross-border business. Reuters identified the mandate as covering both countries in one post. (reuters.com) For Citadel Securities, the next test is whether its mix of automated market making and more hands-on block execution can win Asian clients that have long relied on big banks. Wednesday’s hiring shows the firm is staffing for that fight now. (bloomberg.com) (reuters.com)