Arun Sarwal (above) has become Chief Executive of fund data services and technology provider FundsLibrary, a subsidiary of Hargreaves Lansdown.
Sarwal moves from SS&C Technologies where he was Senior Vice President. Previous positions include CEO of DST Investment Management Solutions, COO at Scottish Widows Investment Partnership (SWIP) and SVP within ABN AMRO’s Private Clients & Asset Management business.
Last year the service responded to more than 74 million requests for data and managed the distribution of over 200,000 documents to platforms, wealth managers, life companies, and IFAs and their clients.
Sarwal said: “FundsLibrary is one of the leading data businesses that operates at the heart of a number of growth trends in the investment industry. The fund market has grown ten times over the last two decades. There is a growing demand for increased granularity and transparency of investment data for fund selection, risk profiling, regulation and for investors, and industry disruption from service providers and technology partners.
“I am looking forward to leading the business in its next stage of growth which will be based on working with clients to broaden our service propositions, further develop our digital analytics capabilities and expand into new markets.”
Chief Executive Officer of Hargreaves Lansdown Ian Gorham said: “Arun has extensive experience developing technology businesses and working in financial services, across a range of industry segments including commercial & investment banking, and asset and wealth management across the globe. To have someone of Arun’s expertise leading the FundsLibrary business demonstrates its importance and the depth of the opportunity that we believe exists in data management, analytics and regulatory services in the fund sector.”
Sarwal, who is the author of the International Handbook of Financial Instruments & Transactions, is a Chartered Account, Corporate Treasurer and Chartered Marketer with an MBA from the Cranfield School of Management.