Brevan Howard, a leading hedge fund managed by Alan Howard, has established a significant presence in Abu Dhabi with 150 employees, marking it as the largest financial institution in the city. Howard expressed confidence in Abu Dhabi's potential to rival major financial centers like London and New York, citing its rapid development and increasing asset trading volumes. He noted a "flywheel effect" as more asset management firms and banks relocate to the Gulf city, enhancing its financial ecosystem. Despite the concentration of core infrastructure and talent in traditional financial hubs, Howard anticipates a growing share of funds managed in Abu Dhabi. He attributes this to the UAE's favorable regulatory environment, cross-regional trading advantages, and robust capital resources, which are propelling Abu Dhabi and Dubai towards becoming global financial centers.