Brevan Howard hires former CMT Digital boss to lead crypto unit

Brevan Howard hires former CMT Digital boss to lead crypto unit

Brevan Howard Asset Management has announced the hire of Colleen Sullivan to steer its investments in crypto.

The British hedge fund has also revealed the launch of a new entity named BH Digital, which will manage cryptocurrencies and other digital assets, it said in a press release.

Sullivan joins Brevan Howard from Chicago-based CMT Digital, the crypto-focused division of CMT Group, which she has run as co-founder and CEO since September 2017.

Aron Landy, CEO of Brevan Howard, said in a statement that Sullivan’s track record in crypto “will be of tremendous benefit to Brevan Howard clients and underscores the firm’s commitment to rapidly expanding its platform and offerings in cryptocurrencies and digital assets.”

Bloomberg revealed in April that Brevan Howard was set to begin investing in crypto, initially allocating up to 1.5% to digital assets.

Founded in 2002, Brevan Howard has become one of the world’s largest macro hedge funds, managing money for a wide range of institutional investors. Alan Howard, the firm’s billionaire founder and former CEO, has made considerable investments in the crypto space himself — backing a wide range of startups in the space and setting up an entity named Elwood Technologies, which is focused on crypto liquidity.

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