Citadel CEO Ken Griffin Sees Miami as Future US Financial Capital

Despite the move of Citadel's headquarters to Miami and a trend of firms relocating to Florida, Griffin acknowledges New York's current global financial dominance and Citadel's ongoing investment in the city.

Ken Griffin, CEO of Citadel, suggests that Miami could replace New York City as the financial capital of America, citing Miami's business-friendly climate, lower taxes, and his belief that it 'represents the future of America'.
Griffin moved Citadel's headquarters from Chicago to Miami last year and has invested heavily in real estate in the area, including a $107 million waterfront estate.
Between 2020 and March 2023, New York lost 158 companies managing nearly $1 trillion in assets to the Sun Belt, with 104 of those firms shifting their headquarters to Florida, and 63 moving to Miami.
Despite his bullish stance on Miami, Griffin acknowledges that New York still leads the world as the financial capital, citing the density of talent in the city and its global influence.
Citadel is still maintaining a significant presence in New York, with plans to build a 1,350-foot skyscraper in Manhattan, expected to be completed in 2032.