Bernanke to advise Citadel

Former Federal Reserve Chairman Ben Bernanke will be an “outside senior adviser” to hedge fund and asset management firm Citadel, the company said Thursday.

Citadel said Bernanke will consult the firm on monetary policy, financial markets and the global economy.

Citadel, which is also known for deploying high-frequency trading strategies, is active in Washington when it comes to debates around financial market regulation. Citadel founder and chief executive Ken Griffin said Bernanke’s insights will be “extremely valuable” to the company and its investors.

“Citadel is a dynamic firm with tremendously talented people and a rigorous approach to research and investing,” Bernanke said. “I look forward to adding my perspective on a range of issues affecting our global economy.”