Brevan Howard Picks Abu Dhabi as Middle East Regional Hub - Bloomberg
Brevan Howard Asset Management opened an office in Abu Dhabi and plans to relocate several senior executives to lead its expansion in the Middle East.
The global macro investment firm is leasing space for more than 100 people, according to a statement from the Abu Dhabi media office. The new Middle East regional hub will comprise of teams including portfolio management, research, trading, risk, operations, and technology.
“This regional expansion will not only contribute to the commercial growth of the firm through access to regional institutions and talent, but also enhance our global lens from an investment perspective,” Chief Executive Officer Aron Landy said.
Brevan Howard’s move follows efforts by Abu Dhabi, whose sovereign wealth funds oversee more than $1.2 trillion, to draw in more foreign money and financial firms. A growing number of hedge fund traders also want to be based there, attracted in part by its lack of income tax. Bloomberg News reported Brevan Howard’s proposed Abu Dhabi plan earlier this month.
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