Key Takeaways
- • Brevan Howard Asset Management plans to open a Tokyo office this summer, joining a wave of global finance firms pursuing trading opportunities in Japan, according to people with knowledge of the matter cited by Bloomberg.
- • The Jersey-headquartered $35 billion global macro hedge fund is recruiting investment roles including traders of Japanese government bonds, yen swaps and rates volatility.
- • The firm will start in an interim office at the Shin-Marunouchi Center Building while it searches for permanent space in a tight Tokyo office market.
- • The Tokyo build-out is part of a broader expansion that also includes plans for Miami and a reported 100-person hub in India.
Summary
Brevan Howard Asset Management plans to open a Tokyo office this summer, according to people with knowledge of the matter cited by Bloomberg. The Jersey, Channel Islands-based firm is joining a rush of global finance giants seeking to capitalize on trading opportunities in the Japanese market.
The firm will initially operate from an interim office in the Shin-Marunouchi Center Building while it looks for more permanent space in Tokyo, where office availability is tight. Recruitment is underway for a number of investment roles, including professionals who trade Japanese government bonds, yen swaps and rates volatility. These are areas aligned with the firm's core skill set in trading rates, bonds and foreign exchange.
Reports from other outlets describe the Tokyo office as part of a broader regional and geographic push. One report describes the $35 billion global macro hedge fund as working on plans to open offices in both Miami and Tokyo and to recruit trading teams. Separately, Brevan Howard has reportedly been building a 100-person hub in India, where it has so far relied on ex-banking technologists and hired Sumit Chaturvedi as head of front office.
Brevan Howard is among several hedge funds expanding in Japan. Marshall Wace and Millennium have also been reported as pursuing Japan expansion, according to Bloomberg coverage of the sector. The moves reflect continued competition among global managers for Japanese rates and macro trading talent.
The firm will initially operate from an interim office in the Shin-Marunouchi Center Building while it looks for more permanent space in Tokyo, where office availability is tight. Recruitment is underway for a number of investment roles, including professionals who trade Japanese government bonds, yen swaps and rates volatility. These are areas aligned with the firm's core skill set in trading rates, bonds and foreign exchange.
Reports from other outlets describe the Tokyo office as part of a broader regional and geographic push. One report describes the $35 billion global macro hedge fund as working on plans to open offices in both Miami and Tokyo and to recruit trading teams. Separately, Brevan Howard has reportedly been building a 100-person hub in India, where it has so far relied on ex-banking technologists and hired Sumit Chaturvedi as head of front office.
Brevan Howard is among several hedge funds expanding in Japan. Marshall Wace and Millennium have also been reported as pursuing Japan expansion, according to Bloomberg coverage of the sector. The moves reflect continued competition among global managers for Japanese rates and macro trading talent.
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