Another ultra-rich finance guy just ditched the UK. Alan Howard, who started the giant hedge fund Brevan Howard, officially changed his residency to Switzerland. The guy is worth billions, depending on which rich list you check, and he built his firm in London back in 2002. It now handles tens of billions in assets. He’s apparently gone back to Geneva, a city he lived in for years before.
He’s not alone, not even close. This is part of a massive wave of wealthy people bailing. Property investors, the Livingstone brothers, went to Monaco. The Revolut founder, Nik Storonsky, set up in the UAE. Jeremy Coller from private equity and even steel tycoon Lakshmi Mittal have also moved or split time between places like Switzerland and Dubai...