:

CITADEL'S FORMER CTO JOINS MOTIVE PARTNERS

INDUSTRY DESK1 MIN READ
SUN, MAY 24, 2026

■ AI-SUMMARIZED FROM 2 SOURCES ▸ TIMELINE

Umesh Subramanian, who previously served as Chief Technology Officer at Citadel, has joined private investment firm Motive Partners. He will lead the firm's artificial intelligence initiatives.

Subramanian brings significant experience from his tenure at Citadel, one of the world's largest hedge funds. His appointment reflects Motive Partners' strategic focus on AI as a key investment area. Motive Partners, founded by Rob Heyvaert, is a private investment firm focused on technology and infrastructure sectors. The firm has been actively building its AI capabilities as the technology becomes increasingly central to investment strategies across industries. Subramanian's role will involve overseeing Motive's AI strategy and identifying investment opportunities in the space. His hiring signals the firm's commitment to deepening its technical expertise during a period of rapid AI development and adoption. The move comes as investment firms increasingly recruit senior technologists to guide their strategies in emerging technologies. Subramanian and Heyvaert discussed the appointment at the Milken Global Conference.

■ SOURCES

Bloomberg TechBloomberg Tech

■ SUMMARY WRITTEN BY AI FROM THE LINKS ABOVE

■ MORE FROM THE BUSINESS DESK

HP Inc. reported second-quarter revenue of $14.4 billion, up 9% year-over-year and exceeding analyst expectations of $14 billion. The company also issued a profit forecast for Q3 that tops current estimates.

YESTERDAYIndustry Desk

Rocket and satellite stocks rallied Tuesday following SpaceX's public offering announcement. The filing has triggered broader investor enthusiasm across the aerospace sector.

MAY 26Industry Desk

Massachusetts has officially recognized the App Drivers Union, representing approximately 70,000 Uber and Lyft drivers. This marks the first state-certified rideshare union in the United States.

MAY 26Industry Desk

JPMorgan's cross-asset strategy head Fabio Bassi said the technology sector will withstand higher interest rates, citing strong earnings and AI-driven market dynamics.

MAY 26AI Desk

■ SUBSCRIBE TO THE DAILY BRIEF

ONE EMAIL, 5 STORIES, 06:00 UTC. UNSUBSCRIBE ANYTIME.