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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.

By Jamie Crawley
Updated May 11, 2023, 4:14 p.m. Published Sep 13, 2021, 8:23 a.m.
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.

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Jamie Crawley

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