Brevan Howard US head jumps ship and heads to Barclays

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A top trader from Brevan Howard’s New York office has left the renowned hedge fund to head up Barclays' macro trading team.

The exit comes after City A.M. revealed last week that Brevan Howard’s chief operating officer had resigned and the fund was considering headcount reductions in New York and Israel.

Michael Lublinsky will start in November as one of four new head of business positions intended to free up investment bank chief Tim Throsby, a spokesperson for Barclays confirmed.

Lublinsky ran Brevan Howard’s fixed income trading desk in the US. He joined the fund in August 2015, having previously been Royal Bank of Scotland’s global trading head.

Brevan Howard declined to comment.

Read more: Brevan Howard top exec steps down as star fund looks to cut costs

The announcement means three of the four key roles created by Throsby have now been filled. Adeel Khan has moved internally to take on the position of global head of credit and Stephen Dainton was wooed from Credit Suisse last month to be global equities chief.

Barclays is still on the hunt for a global sales head.

Lublinsky will be responsible for Barclays' rates and currencies desks, which have struggled in 2017. Second quarter macro revenue fell by 25 per cent and Barclays chief executive Jes Staley has promised to “get that corrected”.

Read more: Barclays names Credit Suisse banker as its new global head of equities

Full story: Brevan Howard US head jumps ship and heads to Barclays: City A.M.

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