Brett Harrison

Brett Harrison (born May 11, 1988) is an American business executive, entrepreneur, and software developer. He is the founder and CEO of the digital asset technology company Architect.[1][2] He was President of the US affiliate of FTX.[3]

Early life

Harrison was born in New York City and raised in Dix Hills, New York.[4] He graduated from Half Hollow Hills High School West in 2006. While in high school, his mathematical research was published in American Mathematical Monthly.[5]

He attended Harvard University, where he earned an M.S. and B.A. in computer science.[6] He completed Math 55 during his time at Harvard.[7]

Career

Harrison joined Jane Street Capital as an ADR trader in 2010.[8][9] He later went on to lead Jane Street’s algorithmic trading system development groups. While at Jane Street, he met and worked with Sam Bankman-Fried.[10]

He was subsequently a technology executive at Citadel Securities. At Citadel he managed the company’s Options, ETF, ADR and OTC technology departments.[11]

In May 2021, Harrison became President of FTX US.[12] While at FTX US he established the company’s regulated business operations and opened its headquarters in Chicago.[6] In 2022 he built and managed the launch of the company’s US retail stock brokerage and trading platform.[13][14]

In August 2022, FTX US and four other companies received a cease and desist letter from the FDIC instructing the companies to correct potentially false or misleading statements about products’ eligibility for insurance protection.[15] A tweet by Harrison was included in the letter. Harrison deleted the tweet and stated he did not intend to mislead anyone.[16]

On September 27th, 2022, Harrison announced his resignation from FTX US.[17] His resignation was reported as abrupt.[18] He later stated that he resigned after repeated disputes over management practices with Sam Bankman-Fried.[19] An investigation undertaken by FTX’s post-bankruptcy management confirmed he resigned as a result of a “protracted disagreement” with Bankman-Fried over “lack of appropriate delegation of authority, formal management structure, and key hires at FTX US.”[20]

In December 2022, Bloomberg reported that Harrison was raising capital for a new trading technology venture.[21] In January 2023, he closed a $5 million seed round and founded Architect, a company to develop institutional-grade trading infrastructure for cryptocurrency markets.[2] Architect’s investors include Coinbase, Circle, and Anthony Scaramucci.[16]

Personal Life

Harrison is Jewish.[22] He is vegan and owns numerous rescue dogs and cats.[23][24]

He is married to Hannah Harrison. In January 2019, they adopted a child with congenital amputations from China.[25]

References

  1. "Architect Announces $5M Funding Round to Develop Trading Infrastructure for Global Digital Asset Markets". www.prnewswire.com.
  2. Melinek, Jacquelyn (January 20, 2023). "Coinbase and others back ex-FTX US president's crypto trading infra startup Architect".
  3. "FTX.US Appoints Brett Harrison As President". West Realm Shires Services.
  4. "SALT Talks: Brett Harrison: Crypto Derivatives | SALT Talks #255 on Apple Podcasts". Apple Podcasts.
  5. Harrison, Brett A. (2007). "On the Reducibility of Cyclotomic Polynomials over Finite Fields". The American Mathematical Monthly. 114 (9): 813–818. doi:10.1080/00029890.2007.11920475. JSTOR 27642336. S2CID 5419188 via JSTOR.
  6. "Former FTX Executive Harrison Is Getting Ready for His Next Act". Bloomberg. February 2, 2023 via www.bloomberg.com.
  7. "Burden of Proof | Magazine". The Harvard Crimson.
  8. "BrokerCheck - Find a broker, investment or financial advisor". brokercheck.finra.org.
  9. Jr, Landon Thomas (February 22, 2016). "A New Breed of Trader on Wall Street: Coders With a Ph.D." The New York Times via NYTimes.com.
  10. "Ex-FTX US President on Fraud Allegations, Bankman-Fried" via www.bloomberg.com.
  11. "SALT — Brett Harrison". SALT.
  12. "'It's wild out there': crypto firms lure top bankers in price boom". Financial Times. May 26, 2021.
  13. "FTX U.S. President Brett Harrison on launching stock trading for all users". CNBC.
  14. Osipovich, Alexander. "Crypto Exchange FTX Expands Into Stock Trading". WSJ.
  15. FTX Harrison letter
  16. "Ex-FTX US President Harrison Taps Coinbase, Circle for New Crypto Firm". Bloomberg. January 20, 2023 via www.bloomberg.com.
  17. Capoot, Ashley. "Crypto exchange FTX is replacing its U.S. president". CNBC.
  18. "Head of FTX's U.S. Exchange Steps Down in Surprise Move". WSJ.
  19. Tayeb, Zahra (January 16, 2023). "FTX US's ex-boss says he was threatened with losing his job after he raised concerns about the crypto exchange – but never suspected multibillion-dollar fraud". Business Insider.
  20. Exhibit(s) (Notice of Filing First Interim Report of John J. Ray III to the Independent Directors on Control Failures at the FTX Exchanges) Filed by FTX Trading Ltd.. (Attachments: # 1 Exhibit A)
  21. "Former FTX US Head Is Raising Money for Crypto Startup". Bloomberg. December 2, 2022 via www.bloomberg.com.
  22. @BrettHarrison88 (December 16, 2022). "I'm Jewish but my wife taught me to love Christmas" (Tweet) via Twitter.
  23. "Brett Harrison on how FTX builds successful products: We ask people what they want". Fortune Crypto.
  24. "FTX.US: A Crypto Future for All ft. Brett Harrison". Casted.
  25. @BrettHarrison88 (August 4, 2022). "A little bit about my son, Eli" (Tweet) via Twitter.
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