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THE BRIDGE TO DIGITAL ASSETS

The Menai Diversified Strategy

The Menai Diversified Strategy is a rules-based product designed to offer diversified exposure to the asset class. The Fund’s holdings cover the main use cases of digital assets: Store of Value, Layer 1, Infrastructure, Decentralized Finance, and Artificial Intelligence.

The Menai Opportunity Strategy

The Menai Opportunity Strategy is tailored to identify future leaders in the digital asset space. Through deep fundamental research, data and technology, we pinpoint 20 to 40 of the most compelling, under-the-radar, investments among the universe of more than 15,000 cryptocurrencies.

Menai-MarketVector Diversified Digital Asset Index

The Menai-MarketVector Diversified Digital Asset Index is designed to provide sophisticated investors with comprehensive exposure to the potential gains of digital asset investments while strategically mitigating idiosyncratic risks.

The Index is founded on the principle that investors should be diversifying investment among the distinct use cases of digital assets – Store of Value, Infrastructure, and Applications. The selection of these use cases is driven by a strategic approach to providing investors with exposure to the broad spectrum of the blockchain and digital asset ecosystem.

Each use case offers unique opportunities and risk profiles that, when combined, create a balanced and resilient portfolio. The MDDA index offers investors holistic exposure to the growth of the asset class while diversifying across use-case, risk profile, and area of innovation.

The Team

Zoe Cruz

Founder & CEO
Zoe Cruz is Founder and CEO of Menai Financial Group (“Menai”), a global asset management firm that focuses on investing in digital assets. Zoe has been recognized as a trailblazing leader in the financial industry for the past three decades. Prior to founding Menai, Zoe spent more than 25 years at Morgan Stanley, rising to the position of Co-President after holding the role of Global Head of Fixed Income, Foreign Exchange, and Commodities. She also served as a senior advisor to Promontory Financial Group, a global market-leading risk management and regulatory compliance consulting firm. More recently, she served as a Senior Advisor to the Executive Team at Ripple Labs. During her career, Zoe has earned several accolades, including being one of Forbes 50 Most Powerful Women in Business for four consecutive years. She also sits on the boards of the Harvard Kennedy School Center for Business and Government Advisory Council, and previously served on the boards of Morgan Stanley, Man Group, Old Mutual PLC, and Ripple Labs. She was also on the boards of the Harvard Dean's Council and the Bowdoin College Investment Committee.
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Akbar Moolji

Portfolio Manager
Akbar Moolji is a Portfolio Manager at Menai Financial Group. Akbar is a seasoned financial markets professional with over 20 years of experience managing interest rate, currency, and commodity derivatives across both developed and emerging markets. He has held senior leadership roles at major global institutions including Citigroup, Bear Stearns, Natixis, and Standard Chartered Bank, where he consistently delivered record revenues by optimizing trading operations and enhancing risk management systems. As a Partner at AINA Capital, Akbar spearheaded investments in public and private companies, developing a proprietary investment platform that leveraged quantitative algorithms to complement fundamental capital allocation strategies. In addition to his finance career, Akbar co-founded and scaled TripLynk, an EdTech startup that enhanced student field trip experiences and parental engagement, ultimately leading the company through a successful exit. Akbar holds an SB in Physics and Electrical Engineering, an SM in Electrical Engineering and Computer Science from MIT, and an MA in Mathematics of Finance from Columbia University.
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Karen Jamesley

Chief Operating Officer
Karen Jamesely is Chief Operating Officer for Menai Financial Group with 30 years of experience in Financial Services.  She has deep expertise in the areas of Strategic Planning, Talent Development/Executive Recruitment, Executive Compensation, M&A Integration and Succession Planning. Karen spent the majority of her career at Morgan Stanley in the Human Resources Division where she ultimately became the Firm’s Global CHRO. She was the HR Lead on transformational events such as the Dean Witter merger, Discover Card spin off and Smith Barney acquisition. After leaving Morgan Stanley, Karen joined Korn Ferry as a Senior Client Partner in the Financial Service Practice focusing on identifying and delivering consultancy services across the entire talent spectrum.  Key initiatives included digital transformation, early leader development and succession planning. Karen holds a B.A. in Psychology with a concentration in Marketing from Pace University.
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Steven La Sala

Chief Financial Officer
Steven La Sala, CPA, MBA, has over 35 years of significant experience in all aspects of Accounting, Business Planning, Taxation, Forensic Accounting and Auditing.  He is the founder and president of a highly successful full-service AICPA Peer Reviewed accounting firm and consulting firm, La Sala CPA, P.C. that prides itself on providing all clients with extremely professional and personal advice, counsel and assistance, derived from years of advanced training, technical experience and financial acumen. The firm has a wide range of experience across numerous industries, institutions and organizations. Prior to forming La Sala CPA, P.C., Steven’s experience included auditing at a top ten accounting firm, Laventhol & Horwath, taxation at Margolin Winer & Evens and forensic accounting and business valuations at the Rand Consulting Group. Steven holds a BS Degree from St. John’s University, College of Business Administration in Accounting and Economics and a MBA Degree from St. John’s University, Graduate School of Business with a specialization in taxation. Memberships include the American Institute of Certified Public Accountants (AICPA), New York State Society of Certified Public Accountants (NYSSCPA), the NYSSCPA’s Business Valuation and Litigation Services Committee and the NYSSCPA’s Taxation of Mergers, Acquisitions, Dispositions and Other Business Transaction Committee. He is a Certified Public Accountant, a QuickBooks Certified Professional Advisor, a former President and Treasurer of the Old Field Club and a current board member of the Frank Melville Memorial Foundation.
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John Silver

Head of Business Development & Strategy

John Silver is seasoned financial services professional with more than 30 years of experience across investment banking, foreign exchange, venture capital and software start ups. He has held senior leadership positions at Morgan Stanley, Deutsche Bank, Manhattan Venture Partners, and Deaglo, driving performance through a strong focus on the needs of a broad range of clients and stakeholders.

John believes that the key to any successful business is the ability to add value to clients, employees and investors in a meaningful and durable fashion. He holds a BA from Brown University and a MBA from the Yale School of Management.

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Andrew Lefkowitz

Head of Operations
Andrew is Head of Operations for Menai Financial Group with 12+ years of Operations experience in Financial Services. Prior to joining Menai, Andrew spent 10+years at Goldman Sachs, most recently as VP of Brokerage Negotiations within GS’ Securities Division. Additionally, Andrew has had various roles within GS’ Global Markets Division as well as Operations roles within Clearing, and Derivatives Middle Office. With a proven track record of optimizing businesses, Andrew is skilled in client negotiations, FP&A, expense and project management. Andrew also brings digital asset expertise in blockchain transfers, wallets, exchanges and custody solutions. Andrew has a Bachelors of Business Administration in Finance from Hofstra University where he graduated summa cum laude.
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Nic Richardson

Research Analyst/Project Manager
Nic Richardson is a Research Analyst/Project Manager at Menai and has a background in all things digital assets – investing, research, and trading. Nic has a passion for understanding the digital asset landscape through a lens of behavioral economics, system design, and game theory. Prior to joining Menai, Nic founded and ran a discretionary prop trading and investment firm, Midas Capital. At Midas Capital, he focused on making high conviction long term investments while also operating higher frequency strategies. Nic holds an undergraduate degree in Economics and Finance from the University of Edinburgh, with a Masters in Blockchain in Digital Assets from The University of Nicosia.
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Nhu Vo

Chief of Staff, Research
Nhu Vo is Chief of Staff, Research at Menai Financial Group, where she supports executive leadership across investment research and operational execution. She has previously held roles at ICAP at Columbia University, Neuberger Berman, and Ogilvy, contributing to projects in research design, statistical modeling, predictive analytics, and stakeholder communication. Nhu holds a Master of Arts in Quantitative Methods in the Social Sciences from Columbia University and a Bachelor of Arts in Psychology with a minor in Economics from Barnard College, Columbia University. She also serves on the External Outreach Committee of the Columbia University Data Science Society.
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Independent Board of Directors + Advisory Board

Danuta Gray

Independent Director
Former CEO, Telefonica O2 Ireland
Danuta Gray, an Independent Director for Menai Financial Group, is an award-winning businesswoman who has more than 25 years of experience in the telecommunication sector. Most recently, Danuta was the Chairman of Telefonica O2 in Ireland after serving as the Chief Executive Officer from 2001 to 2010. During her time at Telefonica O2, Danuta helped lead the IPO demerger from BT of O2 plc through the £18bn sale to Telefonica. Danuta previously held several senior positions within BT Group, with a focus on expanding shareholder relationships. Danuta began her career in IT program management. Danuta Gray is a non-executive director for the luxury fashion group, Burberry. Danuta also serves as the chair of Direct Line Insurance Group and Senior Advisor for Pollen Street Capital. She is a former chair of St Modwen Property. Danuta has previously served on the boards of Aldermore Bank, Old Mutual, Page Group, Paddy Power and Aer Lingus.
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Bruce Hemphill

Independent Director
Former CEO, Old Mutual
Bruce Hemphill, an Advisor for Menai Financial Group, is a United Kingdom qualified lawyer with 28 years of C-suite experience in the financial services industry. Bruce currently serves as Chair of the Athora Holding Ltd. Board of Directors, the Chair of Athora's Risk Committee and as a member of the Compensation, Conflicts and Transactions Committees. From 2015 to 2019, Bruce was Group Chief Executive of Old Mutual Plc., where he was Chairman of Old Mutual Wealth and Old Mutual Emerging Markets and sat on the boards of Old Mutual Plc. and Nedbank. Prior to that, Bruce held executive positions, including Co-Head of Investment Banking at Standard Corporate and Merchant Bank, Deputy Chief Executive at Standard Commercial Bank, Chief Executive at Stanlib Asset Management, Chief Executive at Liberty Holdings Ltd. and Chief Executive at Standard Bank Group Wealth, Insurance and Non-Bank Financial Services.
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Troy Paredes

Independent Director
Former Commissioner, U.S. Securities and Exchange Commission
Troy Paredes, an Independent Director for Menai Financial Group, has extensive experience in government, regulations, enforcement, and compliance. Troy is the founder of Paredes Strategies LLC, which advises on financial regulation, compliance, risk management, corporate governance, and regulatory strategy. From 2008-2013, Troy was an SEC Commissioner, appointed by President George W. Bush. Prior to that, Troy was a professor of law at Washington University in St. Louis. He also has been a Lecturer on Law at Harvard Law School, a Distinguished Scholar in Residence at NYU School of Law, and a Distinguished Policy Fellow and Lecturer at the University of Pennsylvania Law School. Paredes is the author of numerous academic articles on financial regulation, corporate governance, innovation, behavioral economics, and administrative agencies, and he is a co-author (beginning with the 4th edition) of a multi-volume securities regulation treatise with Louis Loss and Joel Seligman entitled Securities Regulation. Additionally, Paredes co-hosts a podcast on fintech called “Appetite for Disruption.”
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Gary Rich

Independent Director
Founder, Rich Leadership
Gary Rich is an Independent Director for Menai Financial Group. As founder and president of Rich Leadership since 2007, Gary provides counsel to CEO’s and their Boards on issues of leadership development and organization performance management. From 2002 to 2007, Gary served as President of QSP, a division of The Readers Digest Association, and from 1996 to 2002 Gary held Chief Human Resources Officer positions at The Readers Digest Association and ACNielson. Gary started his career at American Express Company where he held various executive positions in the US, France and England. Gary holds a Master degree from Columbia University in Organizational Psychology. Gary is a member of the Board of Directors of Franchise Group Inc (FRG-NASDAQ), Stingray Digital (RAY.A TSE) and the Mercon Coffee Group. He serves as the head of the Compensation Committees of both Stingray and Mercon.
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Stefan Thomas

Advisor
Former CTO, Ripple
Stefan Thomas is an Advisor for Menai Financial Group. Stefan has more than 15 years of experience as an open-source developer, a distributed systems advocate and an active angel investor. He is the co-inventor of Interledger Protocol, an open payments technology designed for payments between different stores of value, such as banks, mobile money schemes and blockchains. He is currently the Chief Executive Officer and Co-Founder of Coil, a content platform powered by open-source web monetization technology that can stream micropayments. Prior to Coil, Stefan was the Chief Technology Officer of Ripple and one of the architects behind Codius, a universal smart contracts platform. Before that, he developed vast experience in digital currencies as both the founder of WeUseCoins.com, the largest website for novice Bitcoin users, and as the creator of BitcoinJS, a software package used by a wide range of Bitcoin businesses all over the world. Stefan was one of the earliest developers in the Bitcoin ecosystem and played a big part in introducing Bitcoin to the masses in 2011 when he created an animated video “What is Bitcoin?” Stefan is a Board Member of Imgur, an image sharing platform. He previously served on the boards of Omni, an on-demand storage and delivery solution, and OpenJS Foundation, an entity to help the development and adoption of JavaScript technology.
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Values

Excellence

We are deeply committed to driving the industry toward excellence by playing a leading role in unlocking the full potential of digital assets as an asset class.

Expertise

We use our team’s decades of diverse experience in well-regulated institutions, as well as significant experience in the emerging digital finance industry, to achieve our goals.

Integrity

We are dedicated to doing business and driving innovation in a data-driven, honest manner, deepening trust in the industry and doing right by our clients, partners and the digital finance community.

Impact

By building more reliable infrastructure and driving more investment in the digital assets space, Menai hopes to help accelerate the democratization of finance and create a financial system that is more accessible to all.

Innovation

We have an unwavering focus on building the future of finance through institutional-grade products, services and infrastructure.

Connection

We will bridge emerging digital markets with established markets, and cultivate partnerships with leading entities in both established and digital finance.

Reliability

We are committed to always being there when our clients need us, and helping make digital assets more credible, accessible and efficient.

Namesake

Menai shares its moniker with an iconic suspension bridge completed in 1826. Forged from wrought-iron and stone in Wales, the Menai Suspension Bridge has carried explorers and new-world architects for more than 200 years.

At Menai, we connect worlds. We enable our clients to participate in the emerging digital assets space via products and services that are more sophisticated, reliable and scalable than existing offerings – underpinned by the same world-class operational practices, risk and compliance mechanisms, security measures and infrastructure they have come to expect from today’s leading investment banks.

News & Insights

Why I Am Maximum Bullish on Ethereum

In this piece we discuss “Why I Am Maximum Bullish on Ethereum”

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The Case for Crypto in Institutional Portfolios

We make the case that institutional investors should allocate a small portion of their portfolios to digital assets, citing their strong risk-reward asymmetry, diversification benefits, and growing legitimacy driven by adoption, regulation, and innovation.

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New All-Time Highs on the Road Ahead - November 2024

Following the election, new all-time highs suggest substantial growth potential and promising investment opportunities ahead.

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The Beginning of a New Crypto Cycle - November 2024

Entering a new crypto cycle – a look into what is driving transformative growth across digital assets.

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MSCI & Menai Digital Assets Webinar - March 9, 2023

Please join MSCI and Menai for a lively discussion about the evolution of digital assets.

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2022 Year In Review & Thoughts for 2023

In this piece, Shubin Jha, Head of Asset Management, provides an overview of key events in 2022 and what we expect heading into 2023.

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Update - November 15, 2022

Recent Developments in the Digital Asset Market.

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MSCI Launches First Suite of Digital Assets Indexes, November 2022

Indexes developed in collaboration with Menai Financial Group and Compass Financial Technologies.

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Quarterly Research Brief, July 2022 – Crypto’s Dead, Long Live Crypto: The Path Forward in the Digital Transformation

In this Menai Quarterly Research Brief, we aim to put perspective around recent turmoil in the digital ecosystem by shifting focus back on use cases of crypto-blockchain technology and the fundamental thesis for long-term investors in this “Liquid VC” asset class.

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Contact

Menai Financial Group
10 East 53rd Street, 11th Floor

New York, NY 10022

General Inquiries:
[email protected]

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