Crypto Power Shift: Munaf Ali Takes Charge of Phoenix Group to Ignite Global Blockchain Revolution
Abu Dhabi, May 2025 — In a bold move to solidify its position as a global leader in digital finance, Phoenix Group has announced the appointment of Munaf Ali as its new Chief Executive Officer. A co-founder and former Group Managing Director, Ali now steps into the top role with a vision to drive global expansion and innovation in the blockchain and crypto space.
With over 20 years of experience in capital markets, including key roles at Citigroup, Munaf Ali is no stranger to the world of high finance. His leadership is expected to bridge the gap between traditional banking systems and the fast-evolving world of digital assets.
Former CEO and co-founder Seyed Mohammad Alizadehfard (Bijan) will now focus on growing his investment fund, Cypher Capital, while remaining a major shareholder and strategic advisor to Phoenix Group.
“Taking on the role of CEO at Phoenix Group represents an incredible opportunity to lead this forward-thinking company during a time of unprecedented growth,” said Munaf Ali. “As digital and traditional finance converge, we are uniquely positioned to drive value for our stakeholders and push the boundaries of innovation.”
Phoenix Group made history as the first UAE-based crypto firm listed on the Abu Dhabi Securities Exchange. Under Ali’s leadership, the company is pursuing dual listings in international markets and deepening ties with institutional partners, setting the stage for a new era of global influence.
The appointment signals Phoenix Group’s commitment to staying ahead in the rapidly shifting digital finance landscape—and Munaf Ali is ready to lead the charge.
