Millennium, Verition Join Rokos With Plans for Greek Outpost

Live updates

1. 28d ago

   Millennium, Verition Join Rokos With Plans for Greek Outpost

   Hedge fund Millennium Management is establishing a presence in Athens, following a meeting between the firm's top executives and Prime Minister Kyriakos Mitsotakis. This move aligns with a trend of high-net-worth individuals and firms relocating from the UK, and signals a concerted effort to transform the Greek capital into a competitive European financial center. Verition Fund Management is also reportedly exploring an Athens office.

   Why it matters

   Greece is promoting itself as a financial hub, offering a €100,000 flat-tax regime for wealthy investors. The country's efforts have attracted several high-profile hedge funds, including Millennium Management and Rokos, which have already relocated or plan to relocate their tax residence from the UK to Greece.

   What is confirmed

   • Millennium Management is establishing a presence in Athens.
   • The firm's top executives met with Prime Minister Kyriakos Mitsotakis to discuss their expansion plans.
   • Greece is offering a €100,000 flat-tax regime for wealthy investors.
   • Hedge fund billionaire Chris Rokos has relocated his tax residence from the UK to Greece.

   Still unconfirmed

   • Verition Fund Management is exploring an Athens office.

   What to watch next

   • The official launch date for Millennium Management's Athens office
   • Verition Fund Management's decision on establishing an Athens presence
   • The impact of Greece's flat-tax regime on attracting more high-net-worth individuals and firms
   Sources used for this update (11)

   1. www.globalbankingandfinance.com — Hedge fund Millennium to establish Athens presence
   2. www.iefimerida.gr — Hedge Fund Giant Millennium Confirms Athens Office, Capping ...
   3. en.parapolitika.gr — Bloomberg: Billionaires Are Leaving Britain for Greece — Why ...
   4. live.euronext.com — Hedge fund Millennium to establish Athens presence | live
   5. www.ot.gr — Millennium: Ανακοίνωσε επίσημα ότι έρχεται στην Αθήνα
   6. www.insider.gr — Από το City στην Αθήνα: Rokos, Millennium και οι επόμενοι ...
   7. asset-management-news.com — Millennium Management to Open Athens Office, Expand in Greece
   8. fund.aiying.cc — 希腊雅典争夺对冲基金人才：Millennium 与 Verition 考察设办，离岸与...
   9. en.parapolitika.gr — Hedge fund king Chris Rokos moves his tax residence to Greece
   10. www.mononews.gr — Bloomberg: Οι 120 «Ιθακήσιοι» της Alpha Bank, ο Ρόκος και η ...
   11. enterpriseam.com — Banks threaten to look beyond London as windfall tax talk ...
   confidence 90%
2. 35d ago

   Millennium Management to Open Athens Office as Elan Capital Considers Entry

   Millennium Management is establishing a presence in Athens to support Greece's goal of becoming a global investment hub. This expansion follows an investor charm offensive by Greek authorities and aligns with a trend of high-net-worth individuals and firms relocating from the UK. Additionally, Elan Capital is currently evaluating the possibility of opening its own Athens outpost after discussions with government officials. Together, these moves signal a concerted effort to transform the Greek capital into a competitive European financial center.

   Why it matters

   Chris Rokos, formerly the UK's third-largest taxpayer who contributed 330m pounds last year, recently moved to Greece. This shift mirrors a wider movement of wealthy UK residents toward emerging European wealth hubs.

   What is confirmed

   • Millennium Management is establishing a presence in Athens.

   Still unconfirmed

   • Elan Capital manages over $4B across Singapore, Helsinki, and London.

   What to watch next

   • Confirmation of Elan Capital's office opening
   • Announcement of specific hiring targets for the Millennium Athens office
   Sources used for this update (2)

   1. www.briefs.co — Elan Capital Weighs Opening Office In Athens
   2. www.tovima.com — Millennium Management to Establish Athens Presence
   confidence 90%
3. 50d ago

   Millennium and Verition Join Chris Rokos in Greek Expansion

   Millennium is opening its first office in Greece following an investor charm offensive. This move coincides with the departure of billionaire Chris Rokos from the UK to Greece. Rokos was the UK's third-largest taxpayer, contributing 330m pounds in tax last year. The trend reflects a broader shift of wealthy UK individuals moving to emerging European wealth hubs.

   Why it matters

   The relocation of high-net-worth individuals and major financial firms impacts the UK's tax base. Greece is positioning itself as a competitive alternative for global investors and hedge fund managers.

   What is confirmed

   • Chris Rokos is leaving the UK for Greece.
   • Chris Rokos paid 330m pounds in tax last year.
   • Chris Rokos was the third-biggest taxpayer in the UK.
   • Millennium plans to open an office in Greece.

   What to watch next

   • Announcement of the specific location for the Millennium office
   • Confirmation of Verition's specific operational plans in Greece
   Sources used for this update (5)

   1. The Guardian — Billionaire Chris Rokos, who paid £330m in tax last year, to quit UK
   2. BBC — UK's third-biggest taxpayer to leave for Greece
   3. Bloomberg.com — Millennium Joining Rokos With Plans for First Greek Outpost
   4. Financial Times — Millennium to open office in Greece after investor charm offensive
   5. Bloomberg.com — UK Super Rich Are Being Lured Away by Europe’s New Wealth Hubs
   confidence 100%