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From left to right: Millennium founder Izzy Englander, Citadel founder Ken Griffin, Balyasny founder Dmitry Balyasny, Citigroup CEO Jane Fraser, Goldman Sachs CEO David Solomon, and Bank of America CEO Brian Moynihan. Phil McCarten/Reuters; Lucy Nicholson/Reuters; Erin Scott/Reuters; Michael Kovac/Getty Images; Denis Balibouse/Reuters; Samantha Lee/Insider This story is available exclusively to Insider subscribers. Become an Insider and start reading now.
Buy-side trading firms have poached a slew of star derivatives traders from investment banks.
The defections, which follow blowout volatility trading hauls in 2020, leave some banks shorthanded.
Large funds like Citadel and Millennium have recently prioritized building volatility strategies.