Brevan Howard founder Alan Howard to step down as CEO

This post was originally published on this site

https://i-invdn-com.akamaized.net/news/LYNXMPEDAF0IH_M.jpg
© Reuters. Brevan Howard founder Alan Howard to step down as CEO© Reuters. Brevan Howard founder Alan Howard to step down as CEO

(Reuters) – Alan Howard, founder of UK’s Brevan Howard Asset Management, will step down as the chief executive officer by the end of 2019 to focus on trading activities, the company said on Tuesday.

Aron Landy, who is currently the chief risk officer, will take over the chief executive’s position, the company said in a regulatory filing.

“Going forward, Alan will focus on his own trading activities and will of course remain closely involved with the firm’s investment strategies,” the asset management firm said.

“It is important to understand that this is a process that has been unfolding for a number of years. As such, it is a formalising of the responsibilities that Aron has been exercising for some time,” a source familiar with the matter told Reuters.

In 2017, Howard started his own AH fund, which he solely managed.

Brevan Howard Master Fund and Brevan Howard Alpha Strategies MF have grown 7.5% and 11.29% respectively this year through Sept, according to figures seen by Reuters.

Howard founded Brevan Howard along with four former colleagues from Credit Suisse (SIX:) and quickly gained assets based on savvy macroeconomic bets.

Landy, who has been part of the company as CRO since 2003, managed an equity fund at Millennium Global Investments before joining Brevan Howard.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.