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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.

Right to left: CoinDesk reporter Anna Baydakova and former CMT Digital CEO Colleen Sullivan.
Right to left: CoinDesk reporter Anna Baydakova and former CMT Digital CEO Colleen Sullivan.

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.

Read more: Financier Alan Howard Owns 5.8% of German Crypto Asset Management Firm Iconic Holding

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Jamie Crawley

Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.

Jamie Crawley