Caspian Management

Caspian’s senior management team brings decades of combined experience in finance and technology. Members of the Caspian team have held senior roles at well-known investment firms and technology companies, and several were early adopters of blockchain technology. In their respective roles at TORA and Kenetic, they have proven their ability to work effectively together building financial and trading solutions that have achieved major success.

Our Team

  • Michael Lerch


    Founder and CIO of Evolution Capital Management and founder of Tora. Prior to founding Evolution and Tora, Mike worked in a number of senior management and trading positions at bulge bracket investment banks. Mike holds a B.A. in Politics from Princeton University.

  • Robert Dykes

    CEO & Co-founder

    Has served as TORA CEO for the past 14 years. Prior to that Robert spent 11 years in the enterprise software and high-tech industry in Europe, North America, and Asia at such companies as WebPartner and Audiosoft. Robert holds a B.A. in Economics from Princeton University

  • David Wills

    COO & Co-founder

    Has served as Kenetic COO since inception. Prior to that David spent 10 years as Managing Director and Head of Asia Trading at Och-Ziff Capital and was the former chairperson of HKeX Hedge Fund market council. David holds a B.A. in Psychology and B.Comm. in Finance & Economics from the University of Sydney

  • Gerrit Van Wingerden

    CTO & Co-founder

    Has served as Managing Director at TORA for the past 12 years. Prior to that Gerrit managed the development of high volume trading applications and analytical tools for various hedge funds and bulge bracket investment banks. Gerrit holds a B.S. in Computer Science from Stanford University

  • Paul Catuna

    Chief Finance Officer

    Has served as TORA's CFO for the past 10 years. Prior to that Paul held senior financial positions at WAGIC, Intertop, and Isonics. Paul spent the first 9 years of his career in public accounting, last serving as Senior Manager at Deloitte. Paul holds a B.S. in Business - Accounting from California State University, Fresno and is a certified public accountant.

  • Jehan Chu

    Chief Strategy Officer

    Co-founder and Managing Partner at Kenetic. A former frontend developer with over 10 years' experience in web and enterprise application development. Jehan founded the Ethereum HK community (2014), and co-Founded the Bitcoin Association of Hong Kong (2014). Jehan holds a B.A. from John Hopkins University.


  • Michael Oved

    Co-Founder AirSwap

    Oved is a co-founder of AirSwap, a decentralized, peer-to-peer token trading platform for erc20 tokenson the Ethereum blockchain. He is passionate about a future where people fearlessly trade digital value without third-party intervention. Prior to AirSwap, he spent his career as an algo trader at VirtuFinancial.


    Chief Cryptographer, Partner Partasia

    Ivan is professor and head of the research group in cryptography at Aarhus University. Ivan is co-founder of Cryptomathic, Partisia and Sepior. He is one of the top cited and publishing researchers in cryptography, is a fellow of the IACR (International Association for Cryptologic Research), and received the 2015 RSA Award for Excellence in the Field of Mathematics.

  • Mona El Isa

    CEO & Co-founder, Melonport

    Former star-trader at Goldman Sachs, promoted to Vice President by the age of 26 and made the “top 30 under 30” list in Trader Magazine in 2008 and Forbes Magazine in 2011 after profitably trading the 2008 and 2011 crashes. Moved to Geneva-based macro fund Jabre Capital in 2011, before deciding in 2014 that the future of finance lay in blockchain technology. She studied Economics & Statistics at the University College London.