A former Citigroup executive who oversaw its mutual fund unit is fighting Securities and Exchange Commission allegations that he acted improperly.

A filing with the SEC by Thomas W. Jones, the former chief executive of Citigroup's global investment management unit, said he acted properly in 1999 when the regulator alleges that his unit hired First Data Investor Services Group only after the company agreed to direct investment banking and asset management business to Citigroup.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.