Crypto Platform Abra Hires Two Executives
Wealth management cryptocurrency platform Abra has announced the appointments of Ya Li and Constance Sng as Chief Risk Officer and Global Head of Investor Relations, respectively.
Founded in 2014, Abra’s users earn high yield on their crypto assets, trade over 100 different crypto currencies and borrow dollars against crypto holdings. Abra has processed over 1 billion dollars in crypto backed loans and has paid millions of dollars in interest payments to retail and institutional clients alike. Abra is headquartered in Silicon Valley with offices around the globe.
Li spent the last 10 years of her career at ED & F Man, most recently as the CRO of the Swap Dealer and the director of risk management of the Broker Dealer and FCM. In these roles, she managed and oversaw all aspects of risk, including but not limited to market, credit, liquidity, regulatory, capital, and operational functions, as well as supported profitable growth through the effective and efficient risk modeling of new businesses and products.
As Abra’s new Chief Risk Officer, Li will grow a team to further strengthen the firm’s risk infrastructure, including systems, methodologies, policies and procedures.
Sng is an entrepreneurial and solution-driven senior leader with a proven track record of more than 20 years of success in the financial services industry and a strong established global network of institutional clients and consultant relationships. Previously, Sng served as the chief of capital strategy at Hudson Cove Capital Management, helping transform the firm from a family office managing internal capital to an asset manager with global institutional investors and investment consultants. Before that, Sng held a variety of leadership and senior roles at Moore Capital Management, Satellite Asset Management, Citigroup Asset Management and Credit Suisse Asset Management in New York and Singapore.
At Abra, Sng and her team will be responsible for growing and cultivating investors for the company and its funds at Abra Capital Management.
“We are thrilled to welcome Ya and Constance to our growing team,” said Bill Barhydt, founder and Chief Executive Officer of Abra. “Ya brings over a decade of experience managing and implementing risk models, policies, and procedures, and we are excited for her to bring her proven leadership to our risk team. Constance’s investment acumen, combined with her passion for investor and institutional relationships, has allowed her to dominate in the asset raising and product structuring arena. I know she will prove invaluable in cultivating strong relationships and partnerships with our global investors for both Abra itself and our funds at Abra Capital Management.”
