Diana Zhang, former CEO deputy and chief operating officer of the investment research department at a leading global investment firm Bridgewater AssociatesCrypto has joined the investment management firm Block Tower Capital,
She became BlockTower’s first Chief Operating Officer, According For Bloomberg, noting that the executive left legendary hedge fund manager Ray Dalio’s $150 billion investment-management firm to join a crypto company — in contrast to the recent trend of crypto companies seeking to join traditional finance jobs. are included which are considered more stable.
“Joining BlockTower in the late innings of crypto winter was an incredibly attractive opportunity – I would have been really nervous jumping into the industry at the height of the bull cycle when things felt so dire,” Zhang said.
“But here was a long-established firm that was standing strong even after crypto’s Lehman moment and was well-positioned to take advantage of the new playing field,” he said.
Per According to Zhang’s LinkedIn profile, he started working at Blocktower in February this year. The job description states, “Hired with a mandate for management oversight of the firm, both in the day-to-day operations and on new growth paths.”
Prior to that, according to LinkedIn, she spent 16 years at Bridgewater, starting as an investment associate in 2006, rising to the position of COO in the investment research department, then director of the investment associate program, CEO deputy in 2015, and a “pilot member” of the Executive on Lending program in January 2021.
In October 2022, the profile states, he “took a sabbatical to focus on building Neighborshare,” of which he is the founding CEO and board member.
Neighborshare is a digital platform that helps local nonprofits connect families in need directly with neighbors who want to share.
Zhang began working on the platform in April 2020, adding that the nonprofit has provided direct assistance to more than 4,300 neighbors across the country and is working on helping community members and investing in NeighborShare’s infrastructure. Raised nearly $1 million in funding.
During this, block tower is a crypto and blockchain investment firm founded in 2017 by Ari Paul, a portfolio manager University of Chicagoand former Goldman Sachs Vice President Matthew Goetz.
Goetz told Bloomberg the firm had a staff of about 30 people and opened an office in New York City in March.
But the company is also acquiring talent, hiring highly experienced people in key positions.
“You can’t build an enduring, category-defining firm without investing in world-class executive management,” Goetz said.
In addition to Zhang, the company recently hired Danny Goodman, former vice president of finance and strategy at the bankrupt miner. core scientistRyan Silva, former senior portfolio manager at the failed lender Celsius Networkand Kevin Miao, former vice president of structured products trading City Group,
Furthermore, according to Goetz,
“We are looking at growth opportunities in many forms – investment strategies, franchises, people, technology, even new companies.”
The company is now investing in ways to trade using the benefits of traditional assets, such as bonds blockchain technology, Goetz said.
Blocktower closed its “market-neutral” crypto fund earlier in the year, which at one point held over $100 million, Bloomberg informed of, Goetz said the decision was “not related to the FTX losses or any specific event,” but was “a proactive decision we made as fiduciaries.”
,
learn more:
, Exchange head Vishal Gupta is leaving Coinbase
, Mastercard’s NFT product lead resigns, leaves behind a surprise farewell gift
, Crypto Firm Anchorage Digital Will Lay Off 20% Staff Citing US Regulatory Uncertainty – Here’s What You Need To Know
, Microsoft fired its Metaverse team
, Difference Between Bitcoin and Traditional Currencies
, What is blockchain technology?