<p>Sandy Kaul, Citi Prime Finance's former global head of business advisory services, has started a new role as senior vice president at Franklin Templeton.</p> <p><a href="https://www.linkedin.com/feed/update/urn:li:activity:6922240699069313024/">In a LinkedIn post</a>, the Citi veteran wrote that in her new role, she will be "building out Advisory &amp; Thought Leadership on the evolution of the Investment and Wealth Management space as part of the Franklin Institute with a special focus on digital assets and models."</p> <p>Franklin Templeton serves clients in more than 155 countries and had approximately $1.5 trillion in assets under management as of March 31, 2022.</p> <p>Kaul had been with Citi since 2009, where she produced primary research on the evolution of the hedge fund and alternatives investment industry. </p> <p>"We are in a singular position today to define how we are going to respond to the transformative changes taking place across our industry, to position for the next decade and beyond," <a href="https://www.businesswire.com/news/home/20220419005912/en/Franklin-Templeton-Hires-Industry-Innovator-Sandy-Kaul-as-Senior-Vice-President">Kaul said</a> in a press statement. </p> <p>"Sandy is a revolutionary thinker with an uncanny ability to predict the future of our industry and foresee the future needs of our clients, and I am quite thrilled to have her join us at this pivotal time in the industry,” Jenny Johnson, president and CEO of Franklin Templeton added.</p> <p><a href="https://www.theblockcrypto.com/news+/140447/mapping-out-the-great-citi-crypto-exodus">The Block</a> first reported that Kaul had left the bank earlier in April, alongside a number of other longstanding executives who have chosen to leave the bank for the digital assets space. </p> <p><a href="https://www.theblockcrypto.com/linked/141216/former-citi-trio-launch-crypto-investment-management-firm">Other Citi alumni</a> who have left Citi in the past few months after long stints include Alex Kriete, Greg Girasole and Frank Cavallo. Most recently, Kriete and Girasole served as co-heads of the Citi Global Wealth digital assets group. They formed a new investment management firm dedicated to crypto named Motus Capital.</p> <p>Matt <a href="https://www.theblockcrypto.com/linked/125664/former-wall-street-banker-launches-1-5-billion-crypto-venture-fund">Zhang also launched</a> his $1.5 billion crypto venture fund Hivemind Capital Partners in November to much fanfare. The move followed a 14-year stint at Citi, where he was global co-head of structured products trading. </p>