Citigroup is welcoming back Sanjiv Sawhney as its new head of hedge fund administration.
Sawhney, who returns to the firm after a two-year stint at JPMorgan Chase, was named global head of fund services. In his new post, he’ll oversee Citi’s private equity and mutual fund administration businesses, as well as its hedge fund administration unit.
At JPMorgan, Sawhney was head of fund services in Europe. During his 15 years at Citi prior to joining JPMorgan, Sawhney held a variety of posts in the firm’s fund administration business.
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,” Neeraj Sahai, global head of securities and fund services and Sawhney’s new boss, said. “Citi is uniquely suited to meet this challenge and Sanjiv has the expertise to strategically guide our initiative in the fund services space.”