Crypto Facilities has appointed hedge fund veteran and former Kraken executive Mark Jennings as its new CEO.
Crypto Facilities, a Kraken subsidiary company, has appointed hedge fund veteran and former Kraken executive Mark Jennings as its new CEO.
The under-the-radar UK-based derivatives platform aims to increase its visibility and expand its offerings to institutions in the coming months.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Kraken is doubling down on its institutional derivatives offerings with the appointment of hedge fund veteran Mark Jennings as CEO of Crypto Facilities, its UK-based cryptoasset derivatives trading facility for institutions..
“What we’re going to try and emphasize more is that we’re a capability that Kraken has, which is to bring institutional derivative venues to the institutional customers we are trying to service,” Jennings said. Jennings started his career in hedge fund services at Citi and Credit Suisse and worked as the chief operating officer and chief financial officer for quantitative hedge fund manager True Arrow Capital Management. He joined Kraken in January 2022 as its operations lead for Europe.
“The opportunity at Crypto Facilities [is] bringing me back to my institutional roots and what I had done before,” Jennings said.
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