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Spectrum Global Fund Administration appoints head of product development and strategy

Spectrum Global Fund Administration, a provider of administration and middle office services to hedge funds and funds of funds with more than USD30bn in assets, has appointed Sasi K Digavalli to the executive management team.

Digavalli joins Spectrum from Citadel Investment Group where he spent three years as head of quantitative research and trading risk for global equities as well as three years as head of firm-wide risk management.

'I look forward to spending time with our clients and prospective clients to help deliver further enhanced risk and performance information to support their requirements,' he says.

Digavalli, who holds a PhD in aeronautics from the Massachusetts Institute of Technology, began his career in 1993 as a quantitative analyst at O'Connor & Associates, and in 1995 he became a senior vice-president at Bank of America for the foreign exchange and equity options trading desk heading a team of quantitative analysts.

He subsequently became a senior vice-president and head of currency structured products at Lehman Brothers, where he headed a global team to support pricing, trading and risk management.

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