UK-Based Brevan Howard to Launch Crypto Division

According to Reuters, Brevan Howard, a prestigious UK-based hedge fund is looking forward to expanding its work portfolio in the domain of cryptocurrencies. The company is planning to launch an autonomous crypto division to lead investment and ventures in the avenue of digital assets.

Brevan Howard Hires Former CMT CEO to Navigate Their Crypto Division

In a press release published by the British hedge fund, the company has announced the launch of BH digital, a financial venture that will help manage cryptocurrencies and other digital assets. Brevan Howard has also recruited Colleen Sullivan, a former CMT CEO (Chicago) to lead this venture forward, and proceed with necessary financial services and agreements to turn this undertaking into a profitable enterprise.

Aron Landy, former chief executive of Brevan Howard has stated that the organization has been committed to constantly adapt to these rapid changes in the sector of finance and is already looking forward to expanding its portfolio by adding cryptocurrencies and other digital assets under its umbrella.

Initially, it was reported by Bloomberg that Brevan Howard was planning to invest 1.5% or $85 million in the sector of cryptocurrency as a preliminary investment.

Founded in 2002, Brevan Howard is one of the leading hedge funds at present and has been playing an instrumental role in regulating institutional investors. The firm’s CEO Alan Howard is a crypto proponent himself and has endorsed and participated in several crypto investments such as EOS developer Block. one and ICE-owned digital asset platform Bakkt. Apart from that, Howard has also invested in Asian crypto-investment outlet Kikitrade and possesses a 25% stake in one river digital management, a US-based hedge fund that had made the headlines when it purchased $600 million worth of ETH and BTC.

Colleen Sullivan previously headed the Chicago-based CMT group division. The division was primarily focused on crypto trading with a special emphasis on blockchain investments and legal/policy engagement in the industry. At Brevan Howard, Sullivan will be responsible for devising new plans and strategies to boost existing crypto technology and help generate profits for the firm through investment pools and other financial tasks.

Aaron Landy has also actively praised the firm’s decision in hiring Colleen as the leading chairperson in navigating the course of their crypto and digital assets venture proceedings. “Sullivan’s exceptional track record  will certainly be of great assistance in deriving considerable profits and turning this newly launched crypto division into a successful business endeavor.”