Former Citi Execs Unveil Crypto Investment Firm

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  • Motus Cap­i­tal Man­age­ment will seek alpha from tokens and deliv­er yield oppor­tu­ni­ties with a focus on risk management
  • Matt Zhang, Citi’s for­mer glob­al co-head of struc­tured prod­ucts trad­ing, had also left to start a cryp­to busi­ness last year

The for­mer co-heads of dig­i­tal assets at Citi have launched an invest­ment man­age­ment com­pa­ny ded­i­cat­ed to cryp­to assets. 

Alex Kri­ete and Greg Gira­sole announced the ven­ture, called Motus Cap­i­tal Man­age­ment, in Thurs­day LinkedIn posts.

Kri­ete and Gira­sole, who spent 11 and sev­en years at Citi, respec­tive­ly, had most recent­ly worked as the company’s co-heads of dig­i­tal assets.

Frank Cav­al­lo also serves as founder and man­ag­ing part­ner to the new com­pa­ny. He was an invest­ment coun­selor at Citi Pri­vate Bank for the past 12 years, accord­ing to his LinkedIn page. There, he over­saw $8 bil­lion for rough­ly 40 fam­i­lies span­ning tra­di­tion­al, alter­na­tive and direct investments.

“We will bring our decades of com­bined expe­ri­ence advis­ing and man­ag­ing clients’ wealth to this rapid­ly-devel­op­ing mar­ket, lever­ag­ing a robust knowl­edge of, pas­sion for, and deep net­work across the ecosys­tem to dri­ve our research and invest­ment process,” Kri­ete wrote on LinkedIn. “We could not be more excit­ed to help our investors nav­i­gate the chal­lenges and oppor­tu­ni­ties this mar­ket presents.”

Motus Cap­i­tal Man­age­ment — named for the Latin word for move­ment, motion or progress — deploys a repeat­able research and invest­ment process to seek alpha from tokens and deliv­er yield oppor­tu­ni­ties with a focus on risk man­age­ment, accord­ing to its website.

Kri­ete and Gira­sole had revealed last month they were leav­ing Citi to start their own ven­ture, but did not offer addi­tion­al details. At the time, Kri­ete said​ he believes dig­i­tal assets “will con­tin­ue to grow in impor­tance to glob­al cap­i­tal mar­kets and the for­ma­tion of new busi­ness models.”

Their depar­tures fol­lowed the exit of Matt Zhang, Citi’s for­mer glob­al co-head of struc­tured prod­ucts trad­ing, who also left the com­pa­ny to start a cryp­to busi­ness. 

Citi announced in Novem­ber that it was seek­ing to fill more than 100 posi­tions relat­ed to dig­i­tal assets with­in the bank’s insti­tu­tion­al client group.

Kri­ete did not imme­di­ate­ly return a request for comment.


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  • Ben Strack
    Ben Strack is a Den­ver-based reporter cov­er­ing macro and cryp­to-native funds, finan­cial advi­sors, struc­tured prod­ucts, and the inte­gra­tion of dig­i­tal assets and decen­tral­ized finance (DeFi) into tra­di­tion­al finance. Pri­or to join­ing Block­works, he cov­ered the asset man­age­ment indus­try for Fund Intel­li­gence and was a reporter and edi­tor for var­i­ous local news­pa­pers on Long Island. He grad­u­at­ed from the Uni­ver­si­ty of Mary­land with a degree in journalism.

    Con­tact Ben via email at [email pro­tect­ed]

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