Meet Citadel's 31-year-old FX trading wunderkind, Soeren Kuenzel

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Rising the ranks at Citadel Securities: How this 31-year-old rose from intern to head of foreign exchange in 5 years

At 31, Soeren Kuenzel runs Citadel Securities' FX team, overseeing hundreds of billions in trades.He talked to Insider about his career path and his advice to aspiring quants.

Kuenzel and his three teammates won the campus competition and the following championship at the New York Stock Exchange. The prize: a $100,000 check and an internship offer at Citadel. "Some of my findings led to changes in that trading strategy and changed the direction of future research," he said."I was pleasantly surprised by how much trust the firm placed in me early on and how relevant my academic research was to the projects I worked on during my internship."

"I was also quite successful with a project that increased our understanding of the causal effects driving financial markets," he said."It allowed us to monetize our alpha more effectively." Most of the competitors were undergrads, he said:"I was very proud we got as far as we did because it's something I've been dedicated to for such a long time."

"The most important advice I gave her was related to how to conduct research and be successful in such an interdisciplinary research setting," he said."The project was a big success and has changed one part of our strategy, and even more importantly, it helped her accelerate her career by mastering new tools and taking on open research problems."

 

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