- Former Citi exec trio have released a specialized investment management organization for cryptocurrency to tap into the evolving virtual asset space.
- Details regarding this new organization are still under wraps. A Linkedin post stated that this initiative will leverage the prior wealth of trio of integrated experience in monetary services.
- The organization will depend heavily on consistent research as well as investment processes, assisting the organization to deliver yield opportunities.
Motus Capital
Three previous chiefs of virtual assets at Citi have released a latest investment organization, focused on cryptocurrency. Frank Cavallo, Alex Kriete and Greg Girasole are the brains behind the latest organization — Motus Capital.
Trio departed from Citi in previous few months after lengthy tenures at banking mammoth and multinational monetary services corporation.
Details revolving around Motus Capital are yet to be unveiled. However, Kriete recommends in a Linkedin post that this organization will leverage trio’s prior wealth of integrated experiences in monetary services.
This expertise carryover is anticipated to benefit and intensify the cryptocurrency sector. Kriete concluded that, they are thrilled to assist investors navigate the barriers as well as opportunities this digital asset market presents.
Channeling Tech Investment Know-how
Girasole and Kriete spent 7 and 11 years at Citi, respectively, acting as co-heads of bank’s Global Wealth Digital Asset Group. Meanwhile, 3rd founder of Motus Capital was Citi Private Bank’s investment counselor. He served there for 12 years as per his Linkedin page.
At Citi, Cavallo was keeping an eye on more than $8 Billion for around 40 families, which constituted conventional direct and alternative investments.
Motus Capital will be dependent heavily upon constant studies as well as investment processes. The study will assist organization deliver yield opportunities with a concentration on risk management.
Latest Crypto Investment Scheme
Previous month, Girasole and Kriete unveiled that they were leaving Citi to establish their own cryptocurrency venture. However, the pair did not offered any further details regarding this latest organization at the time.
Additionally, investment banker pointed out toward growth potential of virtual assets space and its elevating relevance to international capital markets. Kriete also showed his delight at being a participant of formation of these latest business designs and constant cryptocurrency market maturation.
Evolving Citi Exodus
Girasole and Kriete’s departure offers hands to a growing talent outflow trend from Citi into surfacing cryptocurrency sector. For example, Citi’s previous international co-head of structured products trading, also left to release the new organization, Hivemind Capital Partners. The organization turned out to be a $1.5 billion bli\ockchain as well as virtual assets fund.
So far, no less than 15 folks have departed Citi to strike out at several crypto-concentrated initiatives and platforms.
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.
Source: https://www.thecoinrepublic.com/2022/04/08/former-citi-triune-releases-latest-crypto-investment-firm/