Credit & Convertibles

In Pursuit of the Next Opportunity

We identify and invest in opportunities in debt and equity markets across the globe. Our diversified, market-neutral approach allows us to pursue attractive, risk-adjusted returns across market cycles.

Our investment teams have expertise across a variety of strategies and a deep understanding of corporate issuers. We passionately believe in working together to apply these strengths. Using a rigorous investment process, we actively deploy capital.

Research is an integral part of our approach. We excel in both fundamental and quantitative research, the combination of which allows us to view the markets in differentiated ways.

Key Instruments & Strategies

  • Long/short fundamental corporate credit
  • U.S. and international convertible bonds
  • Credit ETF, index relative value and tranches
  • Capital structure arbitrage
  • Collateralized loan obligations (CLOs)

Sectors

  • Consumer
  • Energy
  • Financials
  • Healthcare
  • Industrials & materials
  • Real estate
  • Technology, media and telecom
  • Utilities

A Merit-Driven Environment

Our success is driven by the quality of our people. In both our recruitment and our work, uncompromising excellence is our standard. The desire to learn and improve every day is paramount.

We empower our team—a group of individuals with the character, dedication and conviction to pursue the best possible outcomes and welcome the contribution of every individual, regardless of seniority.

Our focus on growth and career advancement is unmatched. We provide opportunities for peer-to-peer collaboration, mentorship, and in-person talent development programs, from technical training and strategy sessions to our Wellness Speaker Series. Our goal is to help our colleagues realize their greatest potential. They have opportunities to achieve more here than they could anywhere else.

Resources to Scale Our Ambition

We enable our colleagues to realize their ambition to an unparalleled degree. Our investment in recruitment, research and infrastructure empowers our teams to scale their capabilities.

We build world-class investment teams and ensure they have specialist support and tools to benefit from unique insights. For example, our centralized research and engineering teams develop our proprietary technology, while our operations team ensures we get the necessary access to our top counterparties, data partners and trading venues. Every individual focuses on what they do best, leading to better outcomes. Investment professionals can pursue their best ideas and are positioned to take risk across market environments.

Team Leadership

Pablo Salame
Co-Chief Investment Officer and Head of Global Credit & Convertibles

Pablo Salame joined Citadel in 2019 as Head of Global Credit & Convertibles. Under his leadership, the team scaled and diversified its strategies, achieving significant growth. In 2022, he was also appointed Co-Chief Investment Officer of Citadel, focusing on building our global strategies and helping to develop our people. Pablo serves on Citadel’s Portfolio Committee.

Prior to joining Citadel, Pablo spent 22 years at Goldman Sachs, most recently serving as Vice Chairman of the firm and Co-Head of the Global Markets Division. His previous roles included Co-Head of Global Credit, Head of European Equities Trading and Global Co-Head of Emerging Market Debt.

Pablo is a member of the external advisory board of the Carney Institute for Brain Science and the advisory board of the Billie Jean King Foundation. He earned a Bachelor of Science in Applied Mathematics from Brown University.

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