CQS, a credit-focused hedge fund firm, has hired Michel Brogard to lead its operations in the Americas.
Brogard, who previously founded Lalaye Investments, will serve as chief executive officer of the firm's U.S. business, according to a statement Monday from CQS. Brogard replaces Jeffrey Lindenbaum, who will now head the firm’s intermediary distribution team.
London-based CQS has been building its presence in the U.S. since establishing a New York office in 2008.
“Increasing our penetration in the North American market, which accounts for 55 percent of global financial assets, is essential as we broaden and deepen our investment capabilities to better serve our clients’ needs,” Xavier Rolet, CQS's CEO, said in the statement. “Michel’s experience and dedication to senior client service, as well as his operational and risk management experience, will help support our capabilities in the Americas.”
Brogard will report to Rolet, who in January replaced Michael Hintze as CEO.
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“CQS has a strong commitment to risk-adjusted performance, has built a stellar reputation, and offers attractive investment solutions with an absolute return DNA at its core,” Brogard said in the statement. “These are qualities which will allow us to strengthen CQS’ footprint in North America.”
Before creating Lalaye Investments in 2016, Brogard co-founded Amber Capital, an investment firm where he filled several roles, including managing partner, chief operating officer, chief financial officer, and head of business development, according to the statement.
Prior to co-founding Amber Capital in 2005, Brogard worked on Wall Street, including senior roles at Credit Suisse First Boston, HSBC Holdings, and Lehman Brothers Holdings.