Kraken appoints Mark Jennings as the new CEO of its subsidiary Crypto Facilities

ChainCatcher news, Kraken has appointed hedge fund veteran Mark Jennings as the CEO of its UK-based institutional crypto asset derivatives trading firm, Crypto Facilities. Kraken acquired Crypto Facilities in 2019 for a nine-figure sum. For regulatory reasons, both maintain independent brands and operate as separate entities.

It is reported that Jennings previously worked in hedge fund services at Citigroup and Credit Suisse, and served as the Chief Operating Officer and Chief Financial Officer of quantitative hedge fund management firm True Arrow Capital Management. He joined Kraken in January 2022 as the Head of European Operations.