Former Citi executives reveal crypto investment company
Former Citi executives reveal crypto investment company
- Motus Capital Management will strive for alpha from token and offer chances of return with a focus on risk management
- Matt Zhang, Citis of former global co-conductors for trading structured products, had also left last year to found a crypto business
The former co-manager of Digital Assets at Citi founded an investment management company that specializes in crypto-assets.
Alex Krieten and Greg Girasole announced the company called Motus Capital Management on Thursday in LinkedIn posts.
Kriete and Girasole, who spent 11 or 7 years at Citi, were most recently active as co-managers for digital assets of the company.
Frank Cavallo also acts as the founder and managing partner of the new company. According to his LinkedIn page, he has been an investment advisor at Citi Private Bank for the past 12 years. There he managed $ 8 billion for around 40 families that included traditional, alternative and direct investments.
"We will bring our decades of combined experience in the advice and management of customer assets into these fast-developing market and use our solid knowledge, our passion for and our deep network in the entire ecosystem to advance our research and investment process", wrote Kriete on LinkedIn. "We could not be more excited to help our investors to cope with the challenges and opportunities of this market."
Motus Kapital Management - named after the Latin word for movement, movement or progress- uses a repeatable research and investment process from token and on the end To offer risk management.
Kriete and Girasole announced last month that they would leave Citi to found their own company, but not revealed any further details. At the time, Krieten said that he believed that digital assets will "continue to gain in importance for global capital markets and the formation of new business models".
their departures followed the departure of Matt Zhang, Citis of former global co-conductors for trade in structured products, which also left the company to found a crypto business.
Citi announced in November that they wanted to occupy more than 100 jobs in connection with digital assets within the institutional group of customers of the bank.
Kriete did not immediately answer a request for comment.
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The contribution "Former Citi Execs Unveiling crypto investment company" is not a financial advice.
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