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Citi Loses Top Trading Executive Zhang to Crypto World

  • Executive plans to start a fund to trade digital assets
  • Chetan Vohra will take over Zhang’s structured-products role
Mining the World’s Second-most-valuable Cryptocurrency at Evobits I.T SRL
Photographer: Akos Stiller/Bloomberg

Citigroup Inc.’s Matt Zhang is leaving the bank for the world of cryptocurrencies, according to people familiar with the matter.

Zhang will start a fund that trades digital assets and makes venture investments in crypto companies, according to one of the people, who asked not to be identified discussing non-public information. Zhang is seeking to raise more than $1 billion for the fund, the person said.