A transformational gift
The Centre is funded by a transformational gift of £20.1 million from Brevan Howard, Europe’s most successful hedge fund, which was established by Imperial alumnus Alan Howard (MEng Chemical Engineering & Chemical Technology 1986).
Alan, when commenting on his gift, explained, “I am delighted the Brevan Howard Centre for Financial Analysis at Imperial is going to be led by the world-class team of Professors Franklin Allen and Douglas Gale. Franklin and Douglas will create a vibrant institution to study financial markets by bringing together academics, policy makers and practitioners. During the financial crisis and in its aftermath, my colleagues and I became convinced of the need to improve wider knowledge of financial markets, especially given their enormous impact on businesses and households. Under Franklin and Douglas’ leadership, the Brevan Howard Centre will be perhaps the world’s most important locus for studying these issues. My sincere hope is the Centre will make fundamental contributions to our understanding of financial markets, vault Imperial’s business school into the top ranks, and add to the dynamic intellectual community in Britain and Europe.”