Finance

Waystone poaches Citi executive Sawhney after earlier departure of senior management team

Former executives Derek Delaney, the global chief executive, Paul Cahill, the chief operating officer, and Glen Magee, the chief financial officer, left the company earlier this year

Sanjiv Sawhney will join Waystone as global chief executive from Citi, the US investment bank.

Waystone, the Dublin-headquartered financial services group, has appointed Sanjiv Sawhney as global chief executive following a major management overhaul.

The appointment of the Citi executive comes months after the firm suddenly removed its entire senior management team with immediate effect.

Waystone was founded in 2021 through the merger of three financial services firms: DMS Governance and Montlake, both Irish firms, and the Luxembourg-based MDO.

In March, an email sent to staff said that Derek Delaney, ...