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Royal Bank Of Citadel Coming Together Nicely

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As mentioned yesterday, our favorite midwestern hedge fund has decided to try investment banking on for size. Former Merrill Lynch executive Todd Kaplan, who moved in with Ken in March, will run the unit, and a whole bunch of other employees have been given titles and business cards as well. Brian Maier will serve as head of industry groups and Carl Mayer will oversee leveraged finance. Sayeth Kaplan, "I look forward to building our investment banking operation as we provide innovative products and services to a broad group of clients in an increasingly complex environment."