Brevan Howard Appoints Former CMT Digital CEO Colleen Sullivan to Lead Crypto Investments

The hedge fund manager is also forming a new crypto-focused division called BH Digital.

Sep 13, 2021 at 8:23 a.m. UTC
Updated Sep 13, 2021 at 2:54 p.m. UTC

Jamie Crawley is a CoinDesk news reporter based in London.

Hedge fund manager Brevan Howard named Colleen Sullivan, a co-founder and former CEO of CMT Digital, to lead its investments in crypto. She will join Brevan Howard shortly, the firm said in an email Monday.

  • Sullivan stepped down as CEO of CMT Digital, the investment arm of Chicago proprietary trading firm CMT Group, last month.
  • Brevan Howard is also forming a new crypto-focused division called BH Digital.
  • It was reported in April that the fund manager was planning to allocate up to 1.5% of its main fund (worth $5.6 billion at the time) to direct exposure in cryptocurrency.
  • CMT Digital had invested in several large crypto firms, such as crypto derivatives platform ErisX, crypto lender BlockFi, crypto-friendly Silvergate Bank and crypto venture capital pioneer Polychain Capital.
The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Jamie Crawley is a CoinDesk news reporter based in London.

Jamie Crawley is a CoinDesk news reporter based in London.

Trending

1
Ethereum on Track for Testnet Merge in June

The testnet merge would allow developers to work on any potential risks or bugs ahead of Ethereum's move to a proof of stake network.

The testnet merge would allow developers to work on any potential risks or bugs ahead of Ethereum's move to a proof of stake network.

2
New York Bitcoin Miners Start to Give Up on State Amid Regulatory Uncertainty

The state was once a draw for miners, but environmental concerns are weighing on the bitcoin mining industry.

The state was once a draw for miners, but environmental concerns are weighing on the bitcoin mining industry.

3
Mining-Rig Maker Canaan Q1 Revenue More Than Triples

Canaan shares rose in premarket trading after first-quarter earnings beat one analyst's estimates.

Canaan shares rose in premarket trading after first-quarter earnings beat one analyst's estimates.

4
A16z Leads $15M Round for P2E Studio Azra Games

The blockchain gaming company is preparing to launch a fantasy collectibles and mass combat roleplaying game.

The blockchain gaming company is preparing to launch a fantasy collectibles and mass combat roleplaying game.