THE Chris Rocos, founder of Rokos Capital Management, which manages funds of $22 billion, transfers its tax residence to Greece.
His decision is significant success for Athens but also a heavy blow for London, as the known fund manager was the third largest taxpayer in Britain recently paid £330 million in taxes.
EXCLUSIVE: Hedge fund titan Chris Rokos to leave the UK for Greece, the latest exit by one of the country’s top taxpayers and biggest names in finance. He ranked 3rd in the Sunday Times’ latest annual list of top tax payers, with a bill of £330m. https://t.co/xmy2vl4X0o
— Nishant Kumar (@nishantkumar07) September 7, 2026
His flight from London is added to a wider wave of withdrawals of billionaires and City officials, after the abolition of the historical privileged status «non-resident» (non-doms) and barrage of new charges in investments, real estate and inheritances.
While the British government has been trying to hold back funds by offering a tax exemption for foreign income for four years, countries such as Greece are proving much more attractive, notes Bloomberg.
As the agency comments, this move is an important success for Greece, which has established rules that allow some foreigners to pay a lump sum annual tax of EUR 100,000 for all their income from abroad. At the same time, evolution is a strong blow for the United Kingdom.
The path of Chris Rocos
The Rokos Capital Management (RCM) is one of the largest and most famous macro hedge funds in the world and employs more than 370 persons In London, New York, Abu Dhabi and Singapore.
Rocos began his career in Credit Suisse's own transactions department and in 2002 left to establish the Brevan Howard Asset Management along with Alan Howard and other dealers.
In 2012 he left Brevan Howard and later resorted to Justice to get rid of a five-year non-competition clause. In 2015 he founded his own company, bearing his name.
Unlike other hedge funds of similar size, Rokos remains the main man behind RCM's investment decisions, as well as the most important movements are either proposed or approved by him.
In the 1980s he studied on a scholarship at Eton College and later funded the creation of a scholarship bearing his name. This year he pledged to offer GBP 190 million to the University of Cambridge, the largest donation ever made to a British university.
He has also spent £ 175 million on the renovation of history Tottenham House in Wiltshire.
The wave of withdrawal and the fire of opposition
Among other well-known entrepreneurs and executives who have left Britain in recent years is the steel tycoon Lakshmi Mital, the Nassef Sauiris, the richest man in Egypt and co-owner of Aston Villa, as well as Richard GnodThe Vice President of Goldman Sachs.
The wave of departures is linked to the abolition of the special tax regime for non-doms and fears of new tax increases by the Labour Government.
Economists estimate that British Finance Minister John Healey may announce new tax increases in next month's budget in order to boost public finances.
Shadow Finance Minister Andrew Griffith accused the Labour government of raising taxes on businesses.
«Another man who creates wealth and jobs leaves Britain. This is bad news for all of us.», stated.
«Regardless of everyone's financial situation, when people who create wealth leave the country, opportunities for young people are reduced and others end up paying more. This happens when a government increases taxes. The best and most competent choose where to live – and do not choose Labour Britain».
With information from Bloomberg, Financial Times
