Brevan Howard: Gone Swiss?
Brevan Howard’s London office is not the central hub it once was. What started out as a satellite office in Geneva has slowly morphed into the place to be for its front office staff. Just a handful of traders are now based in the UK, which now houses 74 FCA-approved employees, down from 96 at the same point in 2013.
Founder Alan Howard is based out of Switzerland as are founding partners Nagi Kawkabani and Trifon Natsis. Other senior employees like Luigi Buttiglione, global head of strategy, Alistair Hollingdale, a former UBS MD who joined the hedge fund in 2012, and portfolio manager Boris Vladimirov all transferred across to Geneva last year.
Has the balance of power really shifted? Brevan Howard has just posted its annual return on Companies House in the UK, giving an indication of exactly where its 34 members are based. The full breakdown is below, but from what information is available about the hedge fund’s employees, the conclusion is that the UK still houses the largest number of senior staff, but the key decision makers, portfolio managers and traders are now based in Switzerland.
Danny Bernheim, head of sales
Chris Coleman, quantitative developer
Andrea French, COO, trading
Mark Hillery, trader
Matthew James, senior credit strategist
Enrico Martinez, financial analyst
Jev Mehmet, COO
Luc Pajot, founding partner
Miriam Porat, head of risk
Michael Stromsoe, head of investor relations
Alex Underwood, general counsel
Gert Jan Vlieghe, economist
Alan Howard, founder
Nagi Kawkabani, founding partner
Trifon Natsis, founding partner
Samir Bouaoudia, trader
Filippo Cipriani, portfolio manager, Brevan Howard emerging markets local fixed income fund
Karl Devine, trader
Ahsim Khan, senior trader
Aaron Landy, chief risk officer
Stephan Nicolas, head of commodities
Geraldine Sundstrom, portfolio manager, emerging markets fund (left in April 2014)
Kaspar Ernst, CIO, Brevan Howard Hong Kong