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Brevan Howard the latest hedge fund to sign a CTO from banking... this time from JPMorgan

Reported by Efinancialcareers
Sep 13, 2024· 2 min read
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Key Takeaways
  • • Brevan Howard appoints Mike Sanders as global CTO, a five-year JPMorgan veteran who most recently served as MD and EMEA chief information officer, representing a shift in hedge fund recruiting patterns away from Goldman Sachs toward JPMorgan technologists.
  • • Sanders brings 15+ years of banking technology leadership, including five years at JPMorgan (2019–2024) as global head of macro technology and EMEA CIO, plus a decade at Citi as MD and global head of FX technology.
  • • Position fills vacancy left by Kevin Gage, formerly CIO of Mizuho, who has departed the firm; Sanders will be based in London.
  • • Brevan Howard continues strategic technology build-out with this appointment complementing the March hiring of Subhek Garg, former Goldman Sachs MD, as US CTO—indicating dual-region technology leadership expansion.
  • • Talent migration reflects intensifying competition for senior banking technologists among alternative asset managers, as hedge funds prioritize technology infrastructure and macro trading capabilities.
Summary
Brevan Howard has appointed Mike Sanders as its global chief technology officer, marking a notable shift in hedge fund recruitment patterns toward JPMorgan talent rather than the traditionally favored Goldman Sachs pipeline. Sanders, who spent the past five years at JPMorgan as a managing director, joined the UK-based hedge fund in a London-based role overseeing global technology operations.

Sanders' professional trajectory underscores the caliber of technologist Brevan Howard has secured. He joined JPMorgan in 2019 as global head of macro technology before being elevated to EMEA chief information officer two years later. Prior to his JPMorgan tenure, Sanders spent a decade at Citi as a managing director and global head of FX technology, demonstrating deep expertise in both macro and foreign exchange trading infrastructure—areas core to Brevan Howard's business model.

The appointment addresses the departure of Kevin Gage, former CIO of Mizuho, who has left the firm. The hire also reflects Brevan Howard's broader technology investment strategy; the hedge fund added Subhek Garg, a former Goldman Sachs MD, as CTO for the US region in March, establishing a dual-region technology leadership structure spanning London and the United States.

This recruitment pattern signals intensifying competition among hedge funds and alternative asset managers for senior technology talent from investment banks. While Goldman Sachs has historically dominated this talent pipeline to hedge funds, JPMorgan's emergence as a secondary source reflects both the scale of available technologist talent and the strategic importance hedge funds now place on technology infrastructure for macro trading, electronic systems, and operational resilience.

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Sources

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AlphaMaven summarised this story from the reporting below. Each link opens the original article.

Efinancialcareers Brevan Howard the latest hedge fund to sign a CTO from banking... this time from JPMorgan