Citi Appoints New Head of Securities and Fund Services in EMEA
London - August 23, 2012 – Sanjiv Sawhney has been appointed Head of Securities and Fund Services (SFS) in Europe, Middle East and Africa (EMEA).
In this new role, Sanjiv will be responsible for leading the growth of Citi’s regional SFS platform and product offering for investor, issuer and intermediary clients across EMEA. Sanjiv will sit on Citi’s Transaction Services EMEA Executive Committee and Citi’s Global SFS Executive Committee. He will report to Aidan Brady and Elias Panayotopoulos, co-heads of Citi Transaction Services in EMEA and Neeraj Sahai, Global Head of SFS.
“Sanjiv’s successful track record in running global businesses will be instrumental in expanding our EMEA SFS franchise,” said Neeraj Sahai. “With the industry’s largest proprietary network-spanning 60 markets globally and 34 across EMEA, Citi is uniquely positioned to help our clients navigate today’s challenging environment. Sanjiv has the expertise to leverage these resources and strategically drive the growth of our regional platform.”
Sanjiv brings over 20 years of experience in securities and fund services. Most recently he was Global Head of Fund Services at Citi. He previously worked at JPMorgan, where he headed Fund Services operations in Europe and was Managing Director as well as a Board Member of JPMorgan Bank Luxembourg.
Through its Securities and Fund Services business, Citi’s industry-focused experts provide institutional investors worldwide with tailored solutions delivered through proven global platforms that feature modular, open architecture. With $12 trillion of assets under custody and the industry’s largest proprietary network, clients can leverage Citi’s local market expertise and global reach to extract value across the entire investment value chain.
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
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About Citi Transaction Services
Citi Transaction Services, a division of Citi’s Institutional Clients Group, offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organizations around the world. With a network that spans more than 95 countries, Transaction Services supports over 65,000 clients. As of the second quarter of 2012, it held on average $396 billion in liability balances and over $12 trillion in assets under custody.