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Citadel Exclusive: Bids for UBS’s Credit Suisse China Unit

Citadel Securities, owned by billionaire Ken Griffin, is looking to expand its activity in China’s securities market.

Ken Griffin, the founder and CEO of Citadel. PHOTO: E. Jason Wambsgans/Chicago Tribune via Getty Images
Ken Griffin, the founder and CEO of Citadel. PHOTO: E. Jason Wambsgans/Chicago Tribune via Getty Images

The company has proposed a non-binding offer to purchase Credit Suisse’s securities business in China for USD $280mn.

This move would significantly strengthen Citadel’s presence in the market. However, a Chinese

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