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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 has hired Mike Sanders as its global chief technology officer, based in London, after five years as a managing director at JPMorgan.
  • • Sanders joined JPMorgan in 2019 as global head of macro technology and later became EMEA chief information officer, according to eFinancialCareers.
  • • Sanders previously spent a decade at Citi, where he was an MD and global head of FX technology.
  • • Sanders succeeds Kevin Gage, formerly CIO of Mizuho, who has departed the firm.
  • • Brevan Howard also hired Subhek Garg, a former Goldman Sachs MD, as US CTO in March of the prior year.
Summary
UK-based hedge fund Brevan Howard has appointed Mike Sanders as its global chief technology officer, a London-based role, according to eFinancialCareers. Sanders spent the past five years as a managing director at JPMorgan, which he joined in 2019 as global head of macro technology before becoming EMEA chief information officer two years later. Before JPMorgan, he spent a decade at Citi, where he was an MD and global head of FX technology.

The appointment is part of a broader pattern of senior technologists moving from banks to hedge funds. Historically, eFinancialCareers notes, Goldman Sachs has been the most frequent source of such hires. Brevan Howard also hired Subhek Garg, a former Goldman Sachs MD, as its US CTO earlier in the year. Sanders' predecessor, Kevin Gage, formerly CIO of Mizuho, has left the firm.

Separately, the publication reported that Mykola Garkusha, head of transaction technology at ExodusPoint, has moved to crypto market maker Wintermute as a trading platform developer. Garkusha previously worked as a VP in JPMorgan's equities electronic trading team.

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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