Former head of FX prime brokerage at Citi Sanjay Madgavkar has joined Integral Development’s executive team as chief strategy officer and head of business development.
Madgavkar has spent much of his career at Citi and brings more than 20 years of experience in every aspect of foreign exchange to Integral. He will be responsible for setting business strategy, identifying new markets and opportunities, as well as managing senior relationships with clients and strategic partners.
Madgavkar began his career in FX sales and has since held positions running Citi’s FX and FI e-commerce group and margin FX trading before taking on the prime brokerage business in 2012. He left the bank last year after Citi responded to losses in the unit relating to an Asia client by relocated it within its broader prime services business.
“Sanjay is one of the most highly respected and knowledgeable people in our industry,” says Harpal Sandhu, Integral CEO. “He joins us at an exciting time because advancements we’ve made to our platform enable Integral to impact the entire FX market. Sanjay’s experience will be critical in guiding the company as we continue to grow, and I look forward to working with him.”
Madgavkar adds, “I have known and partnered with Integral throughout my career. They have always been the technology leader in the FX industry. Joining this outstanding executive team is an honour. Together I believe we will take Integral to the next level where all market participants will have access to the most sophisticated FX technology available.”