SRPInsight PEOPLE MOVES
People Moves
Citi veteran chief leaves to launch fintech fund The senior executive has parted ways with the US investment bank after more than 15 years. Dan Keegan (left), co-head of equities and securities services (ESS), head of North America markets and securities services (NAM MSS) and CEO of Citigroup Global Markets (CGMI), is leaving the US bank to launch an investment fund focused on financial technology companies. According to an internal memo seen by SRP, Mike Saraceni, the head of North America investor sales and relationship management, will fill Keegan’s boots as head of North America markets on an interim basis as the bank looks for a successor. Keegan leaves after more than 15 years at the bank and several senior roles focused on Citigroup’s equities-trading business. Most recently, he was the head of all NAM MSS, as
well as co-head of equities and securities services (ESS) and CEO of Citigroup Global Markets (CGMI). Other roles held by Keegan include head of equities Americas, head of global cash equities and head of global electronic trading. Keegan was co-head of global equities and securities services alongside Murray Roos – now at CEO of the London Stock Exchange (LSE) since 2016, and was involved in the restructuring of the bank’s multi-asset structuring group (MAG) in 2017 with the creation of a 'product-aligned' equity structuring group led by Quentin Andre, Citi’s global head of equities structuring for Investor Clients, and global head of equity solutions sales. Citi’s also created new organisation within its markets and securities services division launched in September 2017 to develop and implement a global retail client and product strategy. Since 2020, Keegan has focused on the last two roles as the ‘responsibilities and demands’ of both jobs had increased significantly. This was part of a reorganisation of the bank’s ESS business under a new structure led by a global head of equities and a global head of securities services.
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