Crypto asset manager Hilbert Capital names Cevian's Murray as CEO
05/07/2022 10:05
LONDON, July 5 (Reuters) - Cryptocurrency asset manager
Hilbert Capital has hired former Cevian Capital executive
Richard Murray as CEO, it said on Tuesday.
Murray was previously director of investor relations at
activist investor Cevian. He has also worked at hedge funds
Finisterre and Brevan Howard Asset Management, Hilbert said in a
statement.
Murray will bring with him a team of senior business
developers who worked together at Brevan Howard, to focus on
attracting institutional clients in North America, Europe, Asia
and the Middle East, Hilbert said.
Cryptocurrencies have taken a battering this year.
Bitcoin lost around 57% in the first half BTC=BTSP , while
ether has dropped 71% ETH=BTSP . urn:newsml:reuters.com:*:nL4N2Y42NY
But Murray said institutional demand for cryptocurrencies
was growing.
"We're in an environment where cryptocurrencies and funds
are rapidly moving from the fringe to the core", he told
Reuters, adding that institutional investors were looking for
crypto investment strategies which reduced the risk of large
market swings.
Hilbert Capital is the asset management arm of crypto hedge
fund Hilbert Group, which was founded in 2018 and is listed on
Nasdaq First North Growth Market Sweden.
Murray's appointment is effective from Tuesday.
Bruce Terry, former U.S. CEO at Brevan Howard, is joining
Hilbert's advisory board, Murray said.
(Reporting by Carolyn Cohn, editing by Ed Osmond)
((carolyn.cohn@thomsonreuters.com; 44 207 513 4391;))