HL’s FundsLibrary appoints CEO

Business-Handshake-General-Hire-Appointment-700x450.jpgFundsLibrary, the data provider arm of Hargreaves Lansdown, has hired Arun Sarwal as CEO.

Sarwal joins FundsLibrary from SS&C Technologies where he was senior vice president. He was previously CEO of DST Investment Management Solutions, chief operating officer at Scottish Widows Investment Partnership and senior vice president within ABN AMRO’s private clients and asset management business.

Sarwal says: “The fund market has grown 10 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.”

Ian Gorham, CEO at Hargreaves Lansdown, adds: “Arun has extensive experience developing technology businesses and working in financial services, across a range of industry segments including commercial and 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.”