Kaalund is a Managing Director and global head of Private Equity Fund Services (PEFS) Business Development for JPMorgan Worldwide Securities Services. He manages a global team responsible for new business development of outsourced administration solutions to private equity financial sponsors and institutional investors with portfolios of alternative investments.
Prior to joining JPMorgan in 2007, Kaalund held a number of leadership positions at Citigroup. As head of strategy and mergers and acquisitions for the Securities and Funds Services Group (Corporate Investment Bank), Kaalund dramatically enhanced the franchise’s profitability by evaluating and executing non-organic growth opportunities and other targeted initiatives. In his role as head of Strategic Initiatives for the Consumer Lending Group (Global Consumer Bank), his efforts led to large reductions in operational losses year-over-year, increased client service and customer satisfaction, and key additional strategic business and revenue partnerships. He has held positions in several government and regulatory organizations, including the Federal Reserve Bank of New York, where he was a commissioned bank examiner.
Kaalund holds a BA from Hampden-Sydney College, where he was a merit scholar, and his master’s of public policy from Duke, where he was a Woodrow Wilson Fellow and a Donnelly Foundation Fellow. Kaalund and his wife, Jennifer, have a son, Caleb.

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