Citigroup [C] has hired Sanjiv Sawhney as global head of fund services, a new position. He was previously head of fund services operations at JP Morgan [JPM] and is returning to Citi, where he began his career and served for 15 years.
In this new role, Sawhney will provide leadership for Citi’s hedge fund, private equity and mutual fund administration businesses globally. He will report to Neeraj Sahai, global head of Citi’s securities and fund services.
“We are very pleased that Sanjiv is rejoining Citi in this key leadership role,” Sahai said. “His extensive industry expertise and global experience will be instrumental as our fund clients cross borders and jurisdictions to explore attractive opportunities worldwide.”
Sajai added: “Increasingly, investment management firms, as a result of the financial crisis, are asking us to support their needs for increased risk mitigation and reduced infrastructure costs, while helping them launch expanded product offerings using global distribution channels. Citi is uniquely suited to meet this challenge, and Sanjiv has the expertise to strategically guide our initiative in the fund services space.”