One of the City of London’s most prominent financiers has become the latest billionaire to relocate abroad, adding momentum to the growing exodus of wealthy individuals from the UK.
Alan Howard, the co-founder of hedge fund group Brevan Howard Asset Management, is understood to have taken up residency in Switzerland, according to UK registry filings cited by Bloomberg. Howard, 62, was previously reported to be exploring a move out of the UK and is said to have returned to Geneva, where he lived for seven years until 2017.
Howard is ranked 71st on the latest Sunday Times Rich List with an estimated fortune of £2.5 billion, while the Bloomberg Billionaires Index puts his net worth at around $4.3 billion. He founded Brevan Howard in London in 2002, building it into one of Europe’s most successful hedge fund firms, managing roughly $34 billion in assets across bonds, currencies, commodities and cryptocurrencies.
His relocation follows a series of high-profile departures by wealthy business figures in recent years. Property investors Ian and Richard Livingstone have moved to Monaco, private equity founder Jeremy Coller relocated to Switzerland last year, and Nik Storonsky, the co-founder of Revolut, has shifted his residency to the United Arab Emirates. Steel magnate Lakshmi Mittal is also understood to be dividing his time between Switzerland and Dubai after decades in the UK.
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