Thursday, 21 August 2014
Last updated 10 hours ago
Mar 14 2011 | 2:24pm ET
The co-CEO of Brevan Howard Asset Management has joined the firm's founder in Switzerland, and hopes he in turn will be joined by a horde of former bank proprietary traders.
Nagi Kawkabani has relocated from London to Brevan Howard's new Geneva office, which opened last year. Firm founder Alan Howard moved there last year to escape higher taxes in the U.K., and Brevan Howard has made space for up to 100 staffers seeking to leave London.
For his part, Kawkabani told Financial News that his decision was made "for lifestyle reasons." The Australian, whose wife is American, added, "It was an opportunity to live somewhere else."
Kawkabani has his eye on another opportunity, as well, telling FN that he hopes Brevan Howard, which has more than US$30 billion in assets, will be the first choice for top prop. traders fleeing banks in the wake of new U.S. financial regulations.
"I would hope that we're an employer of choice for macro traders," he said. "We have huge infrastructure and support, and we're recognized as a place of excellence in global macro."
"If talent is available and we can possibly accommodate it, then we'll hire," Kawkabani added. "At the moment, hiring is driven by the supply rather than gaps in the business."
Aug 4 2014 | 7:42am ET
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The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note