Citadel Gets Greenlight to Begin Operating in Dubai

Citadel is poised to start operating from Dubai after receiving regulatory approval in the burgeoning hedge fund hub, people familiar with the matter said.

The move will allow the firm’s first traders to start working from Dubai International Financial Centre, one of the people said, asking not to be identified discussing private matters. Yash Gupta, a portfolio manager who joined Citadel in 2023, has already relocated to the city, the person said.