Overview
- Bloomberg’s analysis of UK registry filings shows Howard re-established Swiss residency in early June, his second shift after living in Geneva from 2010 to 2017.
- Advisers link recent departures to the removal of the non-domicile regime, higher capital gains and inheritance taxes, and a proposed mansion tax on high-value properties.
- Recent movers cited in filings and reports include Goldman Sachs vice chair Richard Gnodde to Milan, Revolut founder Nik Storonsky to the UAE, the Livingstone brothers to Monaco, Jeremy Coller to Switzerland, and Lakshmi Mittal splitting time between Switzerland and Dubai.
- Howard remains the majority owner of Brevan Howard and is described as involved in high-level strategy, with Aron Landy serving as chief executive since 2019.
- Business Secretary Peter Kyle has voiced concern about wealthy departures, while data from Henley & Partners points to substantial net outflows of millionaires from the UK.