A managing director based in Morgan Stanley’s London office is leaving the firm to join hedge fund firm Brevan Howard.
Financial News reported that Richard Oliver, who was Morgan Stanley’s head of short-term interest rates trading, left the bank earlier this month. His new position at Brevan Howard was not disclosed.
The article said that Oliver, who joined Morgan Stanley in 2002, is known to many in the industry as “Astro” due to his academic background in physics. Prior to Morgan Stanley, Oliver worked at the Royal Bank of Scotland.
eVestment previously reported that Brevan, which relocated its main office to Geneva three years ago, wants to come back home to London because some of the firm’s traders "miss the city’s buzzing nightlife," and because of increasing company costs brought on by the strengthening of the Swiss franc.
Brevan Howard is one of the largest hedge fund firms in Europe with about $36.7 billion in assets under management.