Big hedge funds have been building out and reshuffling their internal recruiting departments from the top down, and Q4 has proven no exception this year.
But for the first time in 2016 and perhaps ever, an investment firm has also nabbed a talent platform software company, acquiring that firm’s assets and bringing onboard over half a dozen of its product and engineering team members in October, including one of its cofounders.
Senior-most recruiting department hires in Q4 included New York–headquartered Millennium Management’s new global head of recruiting, George Randle, who spent about a year as a vice president of talent acquisition at automotive pricing and information website TrueCar before joining the fund in New York in October. Prior to TrueCar, Randle worked for about five years in HR and recruiting roles at Hewlett Packard Enterprise.
In November, Greenwich, CT–based AQR Capital Management hired managing director and head of talent acquisition Grace Koo, formerly a managing director at Credit Suisse, where she’d spent 21 years, working out of both their New York and London offices in senior structuring, sales and strategy roles for equity derivatives and global foreign exchange markets.
Meanwhile, Chicago-headquartered Citadel, already the most active hirer of recruiter talent in the industry this year (‘Super-Recruiter’ Citadel) in October acquired the intellectual property assets of recruiting software provider Gild, Inc., a San Francisco–based software company in the HR recruiting space.
As part of the acquisition, Citadel hired over half a dozen Gild employees in October in roles similar to their pre-acquisition roles, with some different job titles: Gild cofounder and chief product and technology officer Luca Bonmassar now heads the HR technology department at Citadel; Gild cofounder and CEO Sheeroy Desai is now a strategic advisor to Citadel; data scientist Ryan Lambert joined Citadel in a similarly titled data scientist role. Senior data scientist and machine learning engineer Aaron Mangum is now a lead data scientist and machine learning engineer; senior product designer Steven St. Clair is now a lead product designer; director of customer support Kiam Cua is an HR technology department client support lead; VP of engineering Francesco Laurita is now a department director of HR technology; product VP Naini Mistry is now a product director in HR technology. Front-end engineer Chris Tram is now a software engineer.
Gild, which had been marketed as a talent sourcing and candidate tracking platform tool with data science and machine learning capabilities, was featured in a New York Times article titled “How Big Data Is Playing Recruiter for Specialized Workers” on April 27, 2013. Then in its incipient stage of development, the start-up was bucketed with a group of other firms applying “big data” sets of information from the internet to discover computer programmer talent, in a newly labeled field called “work-force science.”
The HFObserver Industry Moves Database is compiled daily from publicly available sources and information sent to HFObserver (click here to access full listing of monthly job moves — subscription required).