Galaxy Digital co-head of trading to join Brevan Howard’s crypto hedge fund BH Digital, reports say.

Galaxy Digital’s co-head of trading, Robert Bogucki, will leave the company to take a role at BH Digital, a crypto hedge fund. According to Axios.

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The unit is part of Brevan Howard Asset Management, the billion-dollar firm of billionaire Alan Howard. Representatives declined to comment, Bogucki did not respond to the publication’s request for comment.

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“We wish Robert Bogucki luck,” said Galaxy Digital spokesperson Michael Wursthorn, confirming his departure.

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Bogucki joined Galaxy Digital in 2021. According to his LinkedIn profile, he previously held leadership roles at Lehman Brothers, Merill Lynch, Barclays, and also worked at Morgan Stanley and Goldman Sachs.

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In August, a group of senior executives from Galaxy Digital, Genesis and Convex Trading filed an application to register a crypto fund of $500 million. The media noted that the management team would be led by executives from firms affected by the Terra collapse and by Three Arrows Capital hedge fund issues.

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Galaxy Digital became one of the investors in Terraform Labs, the company behind the Terra ecosystem. The company also found itself on the creditors’ list of 3AC.

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In the second quarter of 2022, the crypto bank’s total loss amounted to $554.7 million.

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In August, it was reported that BH Digital’s assets surpassed $1 billion.

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