Peng Zhao

Peng Zhao (Chinese: 赵鹏; pinyin: Zhào Péng) is a Chinese-American businessman who is the CEO of Citadel Securities. Peng Zhao was born in Beijing, China.

For the Chinese football player, see Zhao Peng.
Peng Zhao
赵鹏
Peng Zhao, May 2013
Born1982 or 1983 (age 40–41)[1]
Beijing, China[2]
Alma materUniversity of California, Berkeley (PhD)[2]
Peking University
OccupationBusinessman
Years active2006-present
EmployerCitadel Securities
TitleCEO (2017-present)
Board member ofThe Asian American Foundation[3]
SpouseCherry Chen

Education

Zhao was a student of the Talented Children Training Program at Beijing No.8 High School from 1993 to 1997, and attended Peking University and earned a bachelor's degree in applied mathematics in 2001.[4] In 2006, he obtained his PhD degree in statistics from University of California, Berkeley.[2]

Career

Peng Zhao was a summer associate at Lehman Brothers and served as a quantitative researcher at Evnine & Associates before joining Citadel.[5]

Peng Zhao joined Citadel Securities in 2006 as a quantitative researcher.[6]

In July 2016, Citadel Securities announced that then Microsoft COO, B. Kevin Turner, was joining the firm as CEO.[7] At this time a new role, chief scientist, was created specifically for Peng Zhao who was then the global head of market making.[7] Five months after joining, Kevin Turner left Citadel Securities, and on January 27, 2017, at age 34, Peng Zhao was promoted to CEO.[1][7]

Affiliations

Zhao is director of the National Committee on U.S. China Relations.[8] He is a founding board member of the non-profit advocacy and anti-discrimination group The Asian American Foundation (TAAF), established in 2021.[9][10][11]

In 2019, Zhao was named on Fortune's 40 Under 40 list.[2]

Philanthropy

Zhao and his wife Cherry Chen organized a one million surgical mask donation to Chicago's first responders during the coronavirus pandemic in 2020.[12] The couple also supports Kartemquin Films, a non-profit documentary filmmaking organization, in its efforts to fund filmmakers from the AAPI community through the Peng Zhao and Cherry Chen Fund for AAPI Voices.[13] The couple were co-executive producers of the award-winning documentary Finding Yingying, which was released by Kartemquin Films.[14] Zhao and Chen also fund the Victor Wong Fellowship, a program associated with Chicago's Second City, to train and mentor aspiring comedians from the AAPI community.[15][16] Peng and other founding board members of TAAF committed $125 million to support AAPI organizations and causes at launch. According to The New York Times, it was the single largest philanthropic gift devoted to Asian Americans.[9]

See also

References
  1. Marek, Lynne (3 February 2017). "If one Citadel is good, could two be better?". No. Finance & Banking. Chicago, IL, United States: Crain's Chicago Business. Crain Communications, Inc. Retrieved 13 December 2019.
  2. "How the 40 Under 40 Get Stuff Done: Their Favorite Productivity Hacks". United States: Fortune. Fortune Media IP Limited. 10 July 2019. Retrieved 24 September 2019.
  3. "About us/Board members". TAAF.org. 2023.
  4. "For its next CEO, Citadel Securities turns to a veteran". Crain's Chicago Business. 30 January 2017. Retrieved 27 January 2020.
  5. "Peng Zhao". 2013-10-22. Retrieved 2020-08-18.
  6. McCrank, John; Mazzilli, Meredith (22 May 2018). "Exclusive: Citadel Securities ups ETF game as part of growth push". No. Business News. New York, N.Y., United States: Reuters. Thomson Reuters. Retrieved 6 January 2020.
  7. Massa, Annie; Leising, Matthew (27 January 2017). "Wal-Mart to Wall Street Dream Dies as Citadel Securities CEO Out". No. Business. United States: Bloomberg News. Bloomberg L.P. Retrieved 6 January 2020.
  8. "Board of Directors". ncuscr.org. National Ccommittee on U.S.-China Relations.
  9. Ross Sorkin, Andrew; Lee, Edmund (3 May 2021). "Asian-American Business Leaders Fund Effort to Fight Discrimination". New York Times.
  10. "The Asian American Foundation (TAAF) Officially Launched". angelachao.org. Angela Chao.
  11. "Our Team". taaf.org. TAAF.
  12. Main, Frank (2020-05-12). "Chinese Americans in Chicago donate 1 million surgical masks to city's first-responders". Chicago Sun-Times. Retrieved 2020-08-18.
  13. "Kartemquin Films Announces the Peng Zhao and Cherry Chen Fund for AAPI Voices". medium.com. Camera One. 4 April 2022.
  14. Lodge, Guy (11 December 2020). "Finding Yingying' Review: Heartfelt Documentary Probes a Chinese Student's Horrific Disappearance". Variety.
  15. Cristi, A.A. (2 May 2022). "The Second City Launches Victor Wong Fellowship for AAPI Voices in Comedy". Broadway World Chicago.
  16. Haring, Bruce (2 May 2022). "Second City to Offer an Asian American Pacific Islander Fellowship in Improv Comedy". Deadline.
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