Deutsche Bank hires former Citadel Investment trader Kallal

Deutsche Bank AG, Germany’s biggest bank, said it hired Hedi Kallal, a former trader at hedge fund Citadel Investment Group, to run cross-market algorithmic trading.

Kallal joined the bank Sept. 28 in New York and reports to Jon Kinol, head of rates for North America, and John Ripley, global head of the firm’s Absolute Strategy Group, Michele Allison, a company spokeswoman, said today in an e-mail. Kallal left Citadel in 2008 after nine years at the $14 billion hedge-fund firm run by Kenneth Griffin out of Chicago. At Citadel, Kallal oversaw mortgage and interest-rates trading.