Brevan Howard, a global macro investment firm, today (15 February) opened its newest office in Abu Dhabi.
The business already has offices in eight countries covering London, New York, Geneva, Jersey, Hong Kong, Edinburgh, Singapore, Austin, Chicago and the Cayman Islands.
In a statement, Brevan Howard said it had leased space at the Al Sarab Tower for more than one hundred people and is relocating several senior executives from across the business to lead this expansion.
"Abu Dhabi and ADGM offers a transparent and business-friendly environment to the banking, fintech, and investment management industries," said Alan Howard, founder, Brevan Howard. "It is an important global hub with tremendous potential. We are delighted to partner with the government as it builds and develops for the future."
Ahmed Jasim Al Zaabi, chairman of ADGM said: "We are delighted for Brevan Howard to choose the 'capital of capital' - Abu Dhabi as their regional headquarters and glad to see investment firms recognise the prospects it has to offer.
"ADGM has quickly emerged as a hub for regional and international asset management firms, enabling businesses to operate in a trusted legal environment through the direct application of English common law and offers full ownership of their businesses in a zero-tax environment to support their ambitions to thrive and access the region's market opportunities. As an international financial centre, ADGM continues to foster the growth of Abu Dhabi becoming the destination of choice for investment and investors alike."
Brevan Howard's new Middle East regional hub will include representation from its portfolio management, research, trading, risk, operations, client services, business development, compliance and technology teams. In addition to the senior leaders that will be relocating to Abu Dhabi, the firm will benefit from the highly-skilled and diverse talent in the region as part of its ongoing expansion.
"At Brevan Howard, we are focused on building a firm that can deliver outstanding outcomes for our clients. A core tenet to how we approach the markets is that ‘macro matters'. 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," said Aron Landy, Chief Executive Officer, Brevan Howard.
Brevan Howard has more than 750 employees across 12 offices in eight countries, representing more than 40 nationalities. The firm manages over $30bn on behalf of institutional clients globally.
