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CQS
"CQS is a special place. A place where people are intellectually stimulated and do exceptional things, and where agile minds work powerfully and nimbly together. I thrive on the 'battle of ideas' and love the business"
Sir Michael Hintze, Founder and CEO

CQS is a credit-focused multi-strategy asset manager founded by Sir Michael Hintze in 1999. Our deep experience allows us to offer solutions for investors across a range of return objectives and risk appetites. We are an active asset manager with expertise across the credit spectrum, including corporate credit, structured credit, asset backed securities, convertibles and loans. We are committed to delivering performance and high levels of service to our investors.

CQS has offices in London, New York, Hong Kong, Jersey and Sydney. 

To us investment is about finding value where it is hard to identify. Looking further and deeper permeates everything we do. We are very clear about our strengths and focused on our core capabilities, in which we have a proven track record.

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CQS

CQS is a credit-focused multi-strategy asset manager founded by Sir Michael Hintze in 1999. Our deep experience allows us to offer solutions for investors across a range of return objectives and risk appetites. We are an active asset manager with expertise across the credit spectrum, including corporate credit, structured credit, asset backed securities, convertibles and loans. We are committed to delivering performance and high levels of service to our investors.

CQS has offices in London, New York, Hong Kong and Sydney. Our investors include pension funds, insurance companies, sovereign wealth funds, funds of funds, endowments and foundations, and private banks.

Our Philosophy

Knowledge has become a commodity and is no longer a driver of differentiation. We have to go further to find an edge. Our fundamental belief is that it is our rigorous hard work that enables us to be imaginative.

Discipline and hard work generate insight. It is curiosity and imagination that drive us to look beyond the generally accepted to achieve success for our investors. 

To us investment is about finding value where it is hard to identify. Looking further and deeper permeates everything we do. We are very clear about our strengths and focused on our core capabilities, in which we have a proven track record.

The CQS Difference

There are four key disciplines at the heart of our investment decision-making.

There is an openness which is embraced throughout our firm: we debate, discuss, agree and differ. This we believe leads to well-informed perspectives on where value lies. Openness is also at the heart of our client relationships. We are committed to clear communication and transparency to engender trust with our investors.

We are holistic in our outlook: in our thinking and in our strategic expression through our investments. For us holistic does not just mean the ability to look at different markets. It is about a broad range of inputs, including economic policies, geopolitics and technological change, which influence the investment landscape.

We relish complexity: by looking deeper, by deciphering, we can find value which is not obvious at the surface. Our team of credit experts seeks not only to price risk, but to assess the nature of that risk over time and across the capital structure. This provides the sophisticated insight needed to be confident in determining relative value between issuers, sectors and geographies.

We look to the long-term as a firm and are built to endure: we have applied the same level of rigour and discipline to the operational elements of CQS. We are clear that our investors pay us to take investment risk, not operational risk. To this end, our structure has evolved to embed strong and clear governance.

Governance

CQS is governed by a Board of Directors which includes experienced and challenging non-executives. Subcommittees include the Management Committee, the Audit Committee and the Remuneration Committee. 

Board of Directors

Sir Michael Hintze GCSG AM

Sir Michael Hintze GCSG AM

Founder, Group Executive Chairman, SIO

Sir Michael Hintze GCSG AM

Sir Michael Hintze GCSG AM

Founder, Group Executive Chairman, SIO

Sir Michael is the Founder, Group Executive Chairman and Senior Investment Officer of CQS, a London-based credit-focused global multi-strategy asset manager. He is also a Senior Portfolio Manager.

Prior to establishing CQS in 1999, Michael held a number of senior roles at CSFB and Goldman Sachs. He began his career in finance in 1982 with Salomon Brothers, New York, after working as an Electrical Design Engineer in Australia, where he had also served as a Captain in the Australian army.

In 2014, Michael was called to serve on the International Advisory Panel for the Australian government’s Financial Services Inquiry and subsequently as a Member of the Market Practitioners’ Panel of the UK’s Fair and Effective Markets Review. He presently serves as a Member of the Board of Superintendence of Instituto per le Opere di Religione (commonly known as the Vatican Bank) and sits on the Audit Committee of the Duchy of Cornwall. In the charitable sector, The Hintze Family Charitable Foundation has provided funding to over 200 charities mainly in the UK and Australia.

Michael is a fluent Russian speaker. He holds a BSc in Physics and Pure Mathematics and a BEng in Electrical Engineering both from the University of Sydney. He also holds an MSc in Acoustics from the University of New South Wales, an MBA from Harvard Business School and received a DBA (honoris) from the University of New South Wales.

Sir Michael Peat

Sir Michael Peat

Chair of the Board of Directors

Sir Michael Peat

Sir Michael Peat

Chair of the Board of Directors

Sir Michael is Chairman of the CQS Board of Directors, a member of the CQS Management Board, and Chairman of the CQS Audit Committee. 

Sir Michael studied law at Trinity College Oxford (he is now an honorary Fellow). He qualified as a Chartered Accountant with Peat, Marwick, Mitchell’s London Office and went to business school at INSEAD in France. He became a partner in the, by then, KPMG in 1985. He led a consultancy study into the management and finances of the Royal Household during 1986-87 and was subsequently asked to implement his recommendations. He did this initially on secondment from KPMG, before joining the Royal Household in 1993. Positions held in the Household included Keeper of the Privy Purse and Treasurer to The Queen, Receiver General of The Duchy of Lancaster, Principal Private Secretary to The Prince of Wales and Duchess of Cornwall and chairman of The Prince’s Charities Foundation. He retired from the Royal Household in 2011. In addition to being a director of CQS Management Ltd. and a partner in CQS (UK) LLP, he is an independent non-executive on the Board of Deloitte UK, the senior non-executive director of Evraz plc, a non-executive director of M&C Saatchi plc, non-executive chairman of GEMS Education and a non-executive director of Arbuthnot Latham & Co Ltd. He received the 2018 Outstanding Achievement Award from the Institute of Chartered Accountants in England and Wales.

Xavier R Rolet KBE

Xavier R Rolet KBE

Chief Executive Officer

Xavier R Rolet KBE

Xavier R Rolet KBE

Chief Executive Officer

Xavier is Chief Executive Officer of CQS, a member of the CQS Board of Directors and Chairman of CQS’ Management Committee.

Prior to joining CQS in January 2019, Xavier was Chief Executive Officer of the London Stock Exchange from May 2009 until November 2017, having been appointed to the Company’s Board in March 2009. He was Chief Executive Officer of Lehman Brothers in France from July 2007 to 7 January 2009. He became a member of Lehman Brothers’ European Operating Committee in 2003, having joined the firm in February 2000 in New York as co-head of Global Equity Trading. Xavier started his career on the International Arbitrage desk at Goldman Sachs & Co. in New York in January 1984. In 1990, he moved to London as co-head of European Equity Sales and Trading. He joined Credit Suisse First Boston in 1994 as global head of European Equities before moving to Dresdner Kleinwort Benson as global head of Risk and Trading, and deputy head of Global Equities in 1997.

After graduating from the KEDGE Business School with an MSc in management science and finance in 1981, Xavier served as a second lieutenant and instructor at the French Air Force Academy, earned an MBA from Columbia Business School in 1984 and a post-graduate degree from Paris-based IHEDN (Institute of Advanced Studies in National Defence) in 2008.

Catherine Cripps

Catherine Cripps

Non-Executive Director

Catherine Cripps

Catherine Cripps

Non-Executive Director

Catherine serves as a Non-Executive Director on the CQS Board of Directors.

She is also an HM government appointed non-executive director of the Nuclear Liabilities Fund and trustee of the Nuclear Trust (set up to hold and invest the funds needed to meet the decommissioning liabilities of the UK’s more modern nuclear power plants).

Catherine was an Investment Director at GAM from 2006 to 2011 where she was Head of Research for the Multi-Manager team and head of the Segregated Accounts business. Prior to GAM, Catherine was CEO of a multi-strategy fund of hedge fund manager, Aida Capital Limited, which she joined shortly after its inception in 2001. Previously, she held various positions in equity derivatives trading, risk management and product control at different investment banks, including Credit Suisse and Bankers Trust. Between 1995 and 1998 Catherine was based in Asia, both Hong Kong and Singapore.

Catherine holds an MA in Physics from Oxford University and is a qualified Chartered Accountant. She is currently doing research in Quantum Information at Imperial College.

Reuben Jeffery III

Reuben Jeffery III

Non-Executive Director

Reuben Jeffery III

Reuben Jeffery III

Non-Executive Director

Reuben serves as a Non-Executive Director on the CQS Board of Directors.

Reuben Jeffery III is Vice Chairman and Board Member of Rockefeller Capital Management.  Previously, he was President and Chief Executive Officer of Rockefeller & Co. (2010-2018).  Reuben served seven years in the U.S. government in a variety of positions, including as Under Secretary of State for Economic, Energy and Agricultural Affairs; Chairman of the U.S. Commodity Futures Trading Commission; and as Special Assistant to the President on the staff of the National Security Council (2002-2009).  Reuben spent eighteen years at Goldman, Sachs & Co., where he was Managing Partner of the firm’s Paris office and of its European Financial Institutions Group in London. Before joining Goldman Sachs, he began his career as a corporate attorney with Davis Polk & Wardwell LLP.  He is currently a member of the President’s Council on International Activities at Yale, a life member of the Council on Foreign Relations and a Trustee of the Asia Foundation.  He is a non-executive director of Barclays PLC and an advisory board member of Tower Brook Capital Partners LLP.

Reuben received an M.B.A. and J.D. from Stanford and a B.A. in Political Science from Yale.

The Lord Myners

The Lord Myners

Non-Executive Director

The Lord Myners

The Lord Myners

Non-Executive Director

The Lord Myners (Paul Myners) serves as a Non-Executive Director on the CQS Board of Directors. After long career in fund management as CEO of Gartmore he transitioned into a plural phase which included directorships and chairmanships of a number of significant public companies in the UK and elsewhere, including M&S and the Guardian Media Group. He maintained an active involvement in financial services via directorships of GLG, Bank of New York, Aspen Re, Financial Reporting Council and Lord Rothschild's RIT Capital. He also chaired several public bodies ranging from Tate to the Low Pay Commission with other positions held including membership of the Court of the Bank of England and the Investment Board of Singapore's Sovereign Wealth Fund GIC. He was a Minister in Her Majesty's Treasury from 2008 - 2010.

Paul's current roles include chairman and partner of Cevian Capital (UK) LLP along with directorships of a number of publicly listed companies in the UK and elsewhere.

Paul is Chancellor of the University of Exeter, a Visiting Fellow of Nuffield College, Oxford and Executive Fellow of London Business School.

James Shinn

James Shinn

Non-Executive Director

James Shinn

James Shinn

Non-Executive Director

James Shinn is CEO of Predata, a predictive analytics software firm based in New York City and Washington, DC.  

After serving in the East Asia Bureau of the U.S. Department of State in the 1970’s, he spent 15 years working in high tech firms, first at Advanced Micro Devices, a semiconductor integrated circuit firm in Silicon Valley, and then at Dialogic, a digital signal processing firm, which he co-founded.  

Jim was Senior Fellow for Asia at the Council on Foreign Relations from 1992~1996 and rejoined the government in 2003, serving as the National Intelligence Officer for East Asia at the Central Intelligence Agency. In 2007~2008 he moved to the Pentagon as Assistant Secretary of Defense for Asia, where his area of policy responsibility included, notably, the War in Afghanistan.

Jim serves on the supervisory board of CQS, a London-based hedge fund. He has a BA and PhD from Princeton and an MBA from Harvard.

Mina Gerowin

Mina Gerowin

Non-Executive Director

Mina Gerowin

Mina Gerowin

Non-Executive Director

Born in New York, Ms Gerowin has an A.B. from Smith College in Political Economy with honors, a J.D. from the University of Virginia School of Law where she was an editor of the Virginia Journal of International Law and an M.B.A. from Harvard Business School ,where she was a Baker Scholar, a member of Century Club and a finalist for the Copeland Prize. She is a recipient of a Doctorate of Humane Letters (L.H.D.) honoris causa from the University of New Haven.

Ms Gerowin practised law for two years in Switzerland and New York then was an Investment Banker in International Mergers and Acquisitions at Lazard Freres in New York and Paris. She next headed the restructuring division of Dean Witter.  In 1987 Ms Gerowin formed her own consulting and investing company, Mina Findings, Inc., completing five LBO transactions. She  participated in their direction as an officer and director.  The five acquisitions included the largest packer and filler of anti-freeze in North America. Combined the companies returned 1,000% in seven years. Ms Gerowin consulted and participated in the restructurings of Nasdaq Europe and NTL Europe.

Ms Gerowin joined Paulson & Co. in 2004, helping establish the hedge fund's Event fund and leading the firm’s large European active investments. She was Managing Director of Paulson Europe LLP in London investing in European event, credit, distressed, recovery and merger arbitrage. While at Paulson Ms Gerowin also led successful lobbying of the EU over hedge fund regulation (AIFMD) and Paulson's corporate governance positions.

Currently Ms Gerowin is a Director of 100 Women in Finance and on the Advisory Board of the Royal United Services Institute (RUSI). Formerly she was a Director of EXOR SpA, CNH Industrial SpA , Lafarge SA and a member of the Global Advisory Committee of Samsung Asset Management.

She has been awarded 100 Women in Hedge Funds' European Leadership Award  and was named multiple times as one of the 50 Most Influential Women in Finance by the Hedge Fund Journal/Financial News and was a Finalist for Dow Jones Financial News' Hedge Fund Woman of the Year. She was the keynote speaker for Dow Jones' Alternate Investments Conference in 2011. She has been a speaker at GAIM in Monaco and is a member of Policy Exchange, RUSI in the UK ,100 Women in Finance (formerly 100 Women in Hedge Funds) and the Business Council of Women2Win.

Ms Gerowin is fluent in French and conversant with working knowledge in German and Italian. She is a retired member of the New York and Federal Bars in the United States and holds securities principal registrations in the US and UK.

In her spare time she reads, paints, travels, and plays tennis.