Nick Taylor, co-founder and manager of Modal Capital Partners, a hedge fund internal to Credit Suisse, is leaving to join Citadel Investment Group in Hong Kong. He is filling a newly created role that represents an expansion of the firmÆs business in Asia as well as Europe, and comes on the heels of CitadelÆs other major hire, David Noh.

Taylor and Noh both start work in July, reporting to Tim Throsby, CEO for Citadel Asia.

Taylor will serve as senior managing director and head of principal investments for Asia and Europe. He has been at Credit Suisse since 1999, with stints in London and Tokyo. He also served as managing director of prop trading in Europe at CSFB and served on the risk arbitrage desk in Europe for Goldman Sachs.

Earlier this month the firm announced it would hire David Noh from Merrill Lynch as head of Asian merchant banking. He had previously been MerrillÆs head of corporate principal investments for the Pacific Rim. Noh also co-founded MerrillÆs distressed debt group in Hong Kong, and has worked at Goldman Sachs in Hong Kong and Morgan Stanley in Korea. He started his career at Ernst & Young.

These moves coincide with two other hires in Europe: Patrick Edsparr has left JPMorgan Chase to serve as CEO for Citadel Europe and head of global fixed income, while Moore CapitalÆs Kaveh Alamouti left to serve as CitadelÆs head of global macro investments.