Brevan Howard, a leading global macro investment firm, has announced the opening of its newest office in Abu Dhabi. The firm has leased space at the Al Sarab Tower for more than 100 people and is relocating several senior executives from across the business to lead this expansion.
Alan Howard, Founder of Brevan Howard, said: “The advancement of the economic, market and regulatory environments in Abu Dhabi has been notable over the past decade. Today, Abu Dhabi offers a transparent and business-friendly environment to the banking, fintech, and investment management industries.
“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.”
Abu Dhabi Global Market (ADGM) is one of the world’s leading international financial centres, located in the capital city of the United Arab Emirates. ADGM is an ideal centre for asset management due to its exceptional infrastructure, robust regulatory frameworks, supportive local government, sound regulation and use of English law. It is already a dynamically growing location for the industry.
His Excellency 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 for 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.
Aron Landy, Chief Executive Officer at Brevan Howard, said: “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.”
Brevan Howard has more than 750 employees across 12 offices in eight countries, representing more than 40 nationalities. The firm manages over AED110bn on behalf of institutional clients globally.