Nirav Kanakia

  • Edison NJ

Work History

Work History
Jul 2008 - Oct 2013

Product Manager / Chief Administrative Officer

Citigroup

As part of leadership development program at Citi, performed various roles that helped develop/round skills to be tomorrow’s business leader.  Roles include Market Manager for Liquidity management services (Oct’ 2013 to present), Product manager and Chief administrative officer for Hedge fund services (07/2008 to Oct’2013).

Focus areas

  • Manage market positioning of Global Money Market Funds offering by Citi, achieved YOY growth of 25%
  • Market implications of regulations, competitive forces and client trends that shape product dev.
  • Cross product (liquidity management, payments, FXLM) client centric positioning and solutioning

Key projects at Citi

  1. Developed and executed go to market strategy and execution for various products: Money Market funds distribution, Cross currency SWAP development for corporates, POBO (payments on behalf of)
  2. Developed new products / enhanced-boot strapped existing products - growth initiatives revenue growth of $2 to $20 MM - Middle office for fund of hedge funds, FX hedging for hedge funds, fund of hedge fund and corporate clients, FASB157 for hedge funds, financial reporting for fund of hedge funds..
  3. Budget and control technology spend ($60 MM+) for Citi HFS: in a 2 cycle period reduced costs by 15% ; in addition, developed technology automation programs to reduced operating costs by ≈ $25+ MM
  4. Provided guidance to clients and industry bodies via seminars (SEC MMF reform 2014 regulatory seminar) or active participation (on working committee of DTCC industry body 2012-2013)
  5. Managed operations and client support desk (7+ staff onshore and offshore team) for Advent Geneva , portfolio and fund accounting for hedge funds and fund of hedge funds
Mar 2007 - Feb 2008

Engagement Manager

INDUS VALLEY PARTNERS

As an Engagement manager ($1.5 + MM / yr revenue), worked with multiple Hedge funds & large Investment bank and fund of hedge funds. Managed onshore - offshore teams (20+ people) to provide efficient organizational support to front, mid and back office operations and technology.

Apr 2000 - Feb 2006

Sr. Manager/partner

PIERCE TECHNOLOGY SOLUTIONS

As a Sr. Manager/Partner ran a technology strategy and delivery practice revenue $2MM/yr

  • Managed 20+ technology programs and projects (size 100+ people and $47+ million)
  • Managed marketing campaigns tech. team for Novartis, 10 brands, 50+ campaigns ($100 MM+ spend)
Jul 1995 - 1999

Sr. Database Administrator

SOME NOTABLE

As a technologist, a security and infrastructure expert, contributed to various technology projects that span consulting, application development, Application integration, e-commerce etc…

 

  • As a Sr. Database Administrator(DBA) Lead, Managed team of DBAs (7), Infrastructure strategy and projects, data-warehouse strategy and implementations across various clients – NJ, USA | 2000
  • Supported Oracle Financial implementation at Bangor Hydro Electric – ME, USA | 1999
  • A VC++ developer for an eBanking (OCBC Bank) and a Credit card infrastructure (NETS) implementations projects – Singapore | 1997-98.
  • Worked in India as a software developer, on some hands on software development at Patni computers for its Hitachi Offshore Development Center and at ACC Ltd Mumbai, India| 1995-97
1997 - 1998

Software Developer

OCBC Bank SOME NOTABLE

As a technologist, a security and infrastructure expert, contributed to various technology projects that span consulting, application development, Application integration, e-commerce etc…

 

  • As a Sr. Database Administrator(DBA) Lead, Managed team of DBAs (7), Infrastructure strategy and projects, data-warehouse strategy and implementations across various clients – NJ, USA | 2000
  • Supported Oracle Financial implementation at Bangor Hydro Electric – ME, USA | 1999
  • A VC++ developer for an eBanking (OCBC Bank) and a Credit card infrastructure (NETS) implementations projects – Singapore | 1997-98.
  • Worked in India as a software developer, on some hands on software development at Patni computers for its Hitachi Offshore Development Center and at ACC Ltd Mumbai, India| 1995-97

Skills

Skills

credit card

GENEVA

Computers

FINANCIAL REPORTING

Boot

Education

Education
Mar 2006 - Mar 2007

M.B.A

Indian Institute of Management
Oct 2000

Certificate

Middlesex county college
Jun 1991 - Jun 1995

B.Eng

University of Poona