Former Citi Execs Unveil Crypto Investment Firm

The former co-heads of digital belongings at Citi have introduced an investment decision administration organization dedicated to crypto property. 

Alex Kriete and Greg Girasole announced the undertaking, termed Motus Funds Management, in Thursday LinkedIn posts.

Kriete and Girasole, who used 11 and seven years at Citi, respectively, experienced most a short while ago labored as the company’s co-heads of digital assets.

Frank Cavallo also serves as founder and controlling husband or wife to the new firm. He was an investment counselor at Citi Non-public Lender for the past 12 a long time, in accordance to his LinkedIn web site. There, he oversaw $8 billion for about 40 people spanning classic, choice and direct investments.

“We will bring our many years of blended expertise advising and taking care of clients’ wealth to this swiftly-developing market place, leveraging a strong awareness of, passion for, and deep network across the ecosystem to drive our analysis and investment system,” Kriete wrote on LinkedIn. “We could not be a lot more thrilled to assistance our traders navigate the worries and possibilities this current market offers.”

Motus Money Administration — named for the Latin phrase for movement, motion or development — deploys a repeatable investigate and expense method to request alpha from tokens and produce yield alternatives with a emphasis on possibility management, in accordance to its internet site.

Kriete and Girasole had uncovered final thirty day period they were being leaving Citi to get started their personal venture, but did not give added details. At the time, Kriete said​ he believes electronic property “will continue on to improve in value to world-wide capital marketplaces and the development of new business enterprise models.”

Their departures followed the exit of Matt Zhang, Citi’s former world wide co-head of structured products and solutions trading, who also still left the corporation to get started a crypto company. 

Citi introduced in November that it was in search of to fill more than 100 positions connected to digital assets in the bank’s institutional consumer group.

Kriete did not immediately return a ask for for comment.

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