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Brevan Howard Recruits Ex-deutsche Bank Executive, Sees Fivefold Increase in Assets Since 2018

Published 05/10/2023, 02:20 am
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Gianluca Delli Rocioli, a former executive at Deutsche Bank AG (NYSE:DB) with a rich background in capital markets and treasury solutions FX, has recently taken up the role of portfolio manager at Brevan Howard Asset Management. This move coincides with the departure of Peter Hornick, who held the position of head of business development at the asset management firm.

Brevan Howard is known for its macro trading strategies and competes with other major firms such as Millennium Management and Citadel. The change in personnel comes as the firm experiences significant growth, now managing over $33 billion in assets, marking a fivefold increase since 2018.

Delli Rocioli brings considerable experience to his new role, having previously worked with renowned financial institutions including Citigroup Inc (NYSE:C)., HSBC Holdings Plc (LON:HSBA), and Bank of America Corp (NYSE:BAC)., in addition to his tenure at Deutsche Bank.

Despite these notable shifts within Brevan Howard's leadership team, both the asset management company and Deutsche Bank have remained silent on the matter.

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