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Brevan Howard opens Middle East headquarters in Abu Dhabi

Reported by Financial News
Feb 15, 2023· 2 min read
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Key Takeaways
  • • Brevan Howard has opened a Middle East regional headquarters in Abu Dhabi's Al Sarab Tower, establishing its largest office expansion outside Europe as part of a strategic growth initiative in the region.
  • • The firm has deployed 150 employees to the Abu Dhabi office, relocating senior executives across portfolio management, research, trading, risk, and operations functions to lead the regional hub.
  • • The expansion positions Brevan Howard to capitalize on Abu Dhabi's time zone advantages and access to global macro markets, with the office operating as part of the Abu Dhabi Global Market (ADGM) financial centre.
  • • As of the expansion announcement, Brevan Howard's assets under management had surpassed $30 billion, reflecting the firm's growth trajectory and capacity to support international operations.
  • • The relocation reflects a broader industry shift toward Abu Dhabi as an alternative financial hub, driven by regulatory clarity, geopolitical stability, and operational advantages for global asset managers.
Summary
Brevan Howard, a leading global macro hedge fund founded in 2002, has opened its Middle East regional headquarters in Abu Dhabi, marking a significant expansion of its international footprint. The new office, located in Al Sarab Tower and operating under the Abu Dhabi Global Market (ADGM) regulatory framework, represents the firm's largest operational base outside Europe. The expansion includes full functional representation from portfolio management, research, trading, risk, and operations teams, underscoring the headquarters designation rather than a satellite office.

The Abu Dhabi operation has been staffed with 150 employees, drawn from senior executives and operational teams relocated from Brevan Howard's existing global locations. According to founder Alan Howard, the firm is committed to the region for the long term, with the time zone position and market access capabilities serving as critical drivers for the expansion. The location provides strategic advantages for executing trades across all major macro markets and conducting 24-hour operations across global financial centers.

The timing of the expansion coincides with Brevan Howard reaching $30 billion in assets under management, positioning the firm among larger alternative investment managers globally. The move reflects a broader strategic shift within the hedge fund industry toward Abu Dhabi as a premier financial hub, driven by regulatory transparency, political stability, and operational infrastructure that appeal to international capital managers. Brevan Howard's establishment of a fully staffed regional headquarters, rather than a smaller trading desk, signals confidence in Abu Dhabi's emergence as a competitive alternative to traditional financial centers.

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Sources

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Financial News Brevan Howard opens Middle East headquarters in Abu Dhabi