Hedge fund Brevan Howard hires ex-CMT Digital CEO amid expansion plans

Brevan Howard has besides formed a caller crypto task BH Digital

Hedge money Brevan Howard has announced plans to grow its merchandise successful the cryptocurrency space, according to quality published connected Monday.

The British money manager has besides tapped a caller main enforcement for its crypto concern arm, Reuters added successful a report.

According to the quality update, Brevan has hired Colleen Sullivan, a erstwhile CEO of CMT Digital, to caput the firm's caller crypto task dubbed BH Digital.

Sullivan near her relation astatine the Chicago-based concern trading steadfast successful August, with the determination paving a mode for her to instrumentality up her caller work astatine the alternate plus absorption firm. The experienced enforcement volition pb Brevan's backstage and task products, the steadfast said successful a connection quoted by Reuters.

She brings a wealthiness of acquisition having been astatine CMT Digital for 4 years, a clip wrong which she has amassed a batch of expertise and enactment acumen successful blockchain exertion and crypto trading, according to her LinkedIn page.

According to Brevan Howard CEO Aron Landy, the ex-CMT main enforcement has an "exceptional way grounds successful making highly palmy crypto task investments".

This, Aron noted, is going to beryllium cardinal arsenic the British hedge money looks to summation its nonstop vulnerability successful cryptocurrencies.

Brevan Howard archetypal announced its foray into the burgeoning crypto concern assemblage successful April. At the time, the money reportedly eyed additions to its main hedge money via Bitcoin worthy 1.5% of the firm's $5.6 cardinal fund.

The determination to prosecute CMT's Sullivan appears to adhd to the firm's beardown attack to its integer assets fund. As good arsenic being the apical enforcement astatine BH Digital, Sullivan is acceptable to caput the project's concern committee whose main extremity is processing a crypto-focused strategy.

Brevan Howard was founded successful 2002 and has 60 portfolio managers successful large planetary cities including London and New York.