Two More Money Managers Explore Bengaluru GCC Ops

UK's Brevan Howard to Follow Point72 Asset Management of US in Setting Up Office

- Jas Bardia

Two large money managers with more than $70 billion of assets under management (AUM) are setting up their tech facilities in Bengaluru, marking the entry of a new cohort into India's global capability centre (GCC) landscape.

London-based Brevan Howard Asset Management LLP, with $35 billion of AUM, is looking to set up a 100-member office under the name Brevan Howard India Pvt. Ltd at RMZ Ecoworld in Bellandur, Bengaluru, according to an executive with knowledge of the matter. The office will handle tech roles for the fund manager, among other things.

This is less than four months after Point72 Asset Management, a Connecticut-based fund manager with about $40 billion of AUM, opened a similar-sized office in Bengaluru's Wilson Garden area in March.