Cambrian Asset Management Partners with Industry Leaders for Enhanced Compliance Strategies

Cambrian Asset Management Engages New Compliance Consultants

Cambrian Asset Management, Inc., known for its quantitative investment strategies specializing in digital assets, has made a significant move by engaging two well-regarded consulting firms—Allegiant Global Solutions and Compliance Risk Concepts. This collaboration aims to bolster the firm's compliance framework, ensuring adherence to the highest operational standards in the investment sector.

On December 3, 2024, Cambrian officially announced its partnership, highlighting the appointment of David Cielusniak as the outsourced Chief Compliance Officer (CCO). With his extensive background in compliance and operations, Cielusniak joins the Cambrian team to provide essential oversight and guidance, directly collaborating with the firm's Vice President of Finance, Joe Duldulao, who has previously held the CCO responsibilities.

Tony Fenner-Leitão, the President of Cambrian, expressed enthusiasm regarding Cielusniak’s role, stating, "We are thrilled to have David join Cambrian as we continue to expand our team with the goal of upholding stringent operational and compliance standards. His vast experience in senior-level compliance roles is invaluable, and we look forward to enhancing our overall compliance capabilities together with CRC."

Cielusniak, who has been in the investment management arena for over 20 years, has an impressive resume that includes positions like Chief Operating Officer at several notable firms, including TimesSquare Capital Management and Credit Suisse. His career began as an associate at Cadwalader, Wickersham & Taft, focusing on compliance within a legal framework. He holds a J.D. from Fordham University School of Law and a Bachelor’s in Finance and Economics from Georgetown University.

The appointment signifies Cambrian's commitment to maintaining high compliance standards as part of its operational integrity. As the demand for transparent and responsible management practices increases within the digital asset space, Cambrian's proactive strategy to enhance its compliance infrastructure is timely. By outsourcing this function to experts from Allegiant and CRC, the firm aims to streamline operations and foster a stronger culture of compliance among its teams.

Cambrian Asset Management, founded in 2017 and based in the San Francisco Bay Area, specializes in managing private funds of digital assets aimed at high-net-worth individuals, family offices, institutional investors, and non-profit organizations. The firm’s methodology leverages a quantitative, data-driven approach to deliver superior risk-adjusted returns, differentiating it from other asset classes. With backing from prominent figures in the quantitative investment and technology industries, including former leaders from Renaissance Technologies and Google, Cambrian is well-positioned for future growth.

In reflecting on his new role, Cielusniak stated, "I am excited to contribute to the innovative and experienced team at Cambrian and look forward to playing a crucial role in the firm’s success and compliance positioning." This excitement sets the tone for Cambrian's strategic direction as it continues to navigate the evolving landscape of digital asset investment.

With such strategic appointments and partnerships, Cambrian Asset Management is poised to meet the challenges of an increasingly complex regulatory environment while enhancing the industry's trust in its digital asset management capabilities.