Latest posts by Julia Shudrik (see all)
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Two investment banking traders who left for a position at Brevan Howard have decided to leave the hedge fund in latest weeks while it is making an effort to maintain performance.
Mark Deniston, who has taken a position of managing director and head of sterling rates swaps at Goldman Sachs, shifted to Brevan Howard recently this month, according to filings on the Financial Conduct Authority log. At Brevan Howard he started to work as a partner in 2013, when lots of banking traders were making buy-side decisions.
His exit followed the decision to leave that James Watson made, who formerly took a position oft he head of trading swaps at Morgan Stanley who joined Brevan Howard in 2011 and later developed and grew to a partner. He decided to leave in May and is still on terms of garden leave.
In the meantime, Robin Pollock, another partner who started working at Citigroup in 2004, also took a leave in July, as it was suggested by regulatory filings.
The recent exits were mirrored by difficult situation at Brevan Howard that is in the middle of its third sloping year. 66 employees are registered in its British partnership, the number decreased from 73 at the beginning of 2016 and 89 at this level last year.
Adrian Hilton, who has been Brevan Howard portfolio manager for about eight years, decided to leave the hedge fund in March and has since than re-appeared at Columbia Threadneedle Investments. When Hilton started working at Aberdeen Asset Management in 2008, this made a return to long-only asset management.
James Fauset, who worked as a Goldman Sachs managing director and portfolio manager at Brevan Howard, decided to leave in January and now takes a position as a head of FX agency at Coex Partners.
Brevan Howard appointed David Ghosh as a portfolio manager in April. Before he worked in UBS as a managing director and GBP/inflation rates trader.