As government economic policy becomes an increasingly important determinant of market performance, government economists look like particularly useful recruits.

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Citadel has just hired Saugata Sen, a former senior economist on the Bank of England’s forecast team who’s spent the past 11 months on secondment to the UK Treasury as head of Business and Trade.

Sen is joining the hedge fund’s London office to lead coverage of the UK economy within Citadel’s fixed income and macro central economics team.

Citadel declined to comment.

Sen worked for the Bank of England since graduating from the London School of Economics in 2014, and completed an MPhil in economic research at Cambridge in 2020. In moving from the Bank of England to Citadel, Sen will presumably benefit from a substantial pay rise: even Bank of England governors are ‘only’ paid between £350k and £600k, while even the average employee at Citadel in London was earning £300k last time we looked. 

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