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Brevan taps Goldman macro prop traders

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Brevan Howard has hired a three-strong team of macro prop traders from Goldman Sachs as top bank trading talent continues to look for new homes in the wake of the Dodd-Frank Act/Volcker Rule and the ban on bank proprietary trading.

Karl Devine, formerly head of Goldman’s global macro prop trading desk in London, is joining Brevan Howard as a partner – together with Andrew Dausch and Brad Lord. The three men left Goldman in mid-March and will trade on the flagship $25 billion Brevan Howard global macro fund.

Devine had been a partner at Goldman since 2004. Dausch