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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, CEO, SIO

Sir Michael Hintze GCSG AM

Sir Michael Hintze GCSG AM

Founder, CEO, SIO

Sir Michael is the Founder, Chief Executive 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

Sir Michael Peat

Sir Michael Peat

Chair

Sir Michael is Chairman of the CQS Supervisory Board (Board of Directors), is a member of the CQS Management Board and is Chairman of 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.

Adrian Collins

Adrian Collins

Non-Executive Director

Adrian Collins

Adrian Collins

Non-Executive Director

Adrian serves as a Non-Executive Director on the CQS Supervisory Board (Board of Directors). 

Adrian has been in the fund management industry for over 40 years in various roles. A large part of his career was spent at Gartmore Investment Management where latterly he was the Managing Director. After initially joining its board as a Non-Executive Director in 2009, Adrian served as Executive Chairman of Liontrust Asset Management from 2010 to 2016, overseeing the growth and transformation of the business. He stood down as Executive Chairman in 2016 remaining on Liontrust’s board as the Non-Executive Chairman. He also serves as Chairman of Fidelis Underwriting Ltd.

Catherine Cripps

Catherine Cripps

Non-Executive Director

Catherine Cripps

Catherine Cripps

Non-Executive Director

Catherine serves as a Non-Executive Director on the CQS Supervisory Board (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.

Richard Hayden

Richard Hayden

Non-Executive Director

Richard Hayden

Richard Hayden

Non-Executive Director

Richard serves as a Non-Executive Director on the CQS Supervisory Board. He is also Chairman of Riverstone Energy Limited, Chairman of the TowerBrook Capital Partners Advisory Board, and a member of the Children’s Investment Fund Foundation Finance & Investment Committee. From 2009 to 2017 he was Chairman of Haymarket Financial LLP, a specialty finance company. Prior to joining Haymarket Financial, he was Vice Chairman of GSC Group Inc and Global Head of the CLO and Mezzanine Debt business.

Previously, Richard was with Goldman Sachs from 1969 to 1999, became a Partner in 1980, and was Vice Chairman prior to joining GSC Group Inc in 2000. He held a variety of senior positions during this time, including Deputy Chairman of Goldman Sachs International Ltd and Chairman of the Global Credit Committee. Richard was also a member of the firm’s Commitments Committee, Partnership Committee and the Goldman Sachs International Executive Committee. He has served on a number of corporate and advisory boards in both the US and Europe.

Richard has a BA Economics from Georgetown University and an MBA from the Wharton Graduate School of Business.

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 Supervisory Board (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.

General The Lord Richards

General The Lord Richards

Non-Executive Director

General The Lord Richards

General The Lord Richards

Non-Executive Director

General The Lord Richards (David Richards) serves as a Non-Executive Director on the CQS Supervisory Board (Board of Directors).

General The Lord Richards led operations in East Timor, Sierra Leone, and Afghanistan. He is particularly well known for his command in Sierra Leone in 2000 when he interpreted his orders creatively to achieve much more than was at first thought possible, ensuring the ultimate defeat of the RUF rebels and the avoidance of much bloodshed in the capital Freetown. He went on to command NATO forces in Afghanistan during the Alliance's expansion of responsibility across the whole country.

Having first commanded the British Army, in 2010 he became Chief of the Defence Staff, the professional head of Britain's armed forces and their strategic commander as well as the Prime Minister's military adviser and a member of the National Security Council. He retired in July 2013. His UK operational awards include a Mention in Despatches, Commander of the British Empire, Distinguished Service Order and Knight Commander of the Bath; the first officer to receive an operational knighthood since World War 2.

In 2011 he received the annual Churchillian Award for leadership. He was created Baron Richards of Herstmonceux in February 2014 and now sits in the House of Lords. Amongst other appointments he is a visiting Professor of Exeter University and an Honorary Fellow of both King's College London and Cardiff University. He is Executive Chairman of the geo-strategic advisory company Equilibrium Gulf/Global, Senior Adviser to the International Institute of Strategic Studies, and plays an active role in a number of charities especially The Royal Commonwealth Ex-Services League.

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.

Alexander Downer

Alexander Downer

Non-Executive Director

Alexander Downer

Alexander Downer

Non-Executive Director

Alexander serves as a Non-Executive Director on the CQS Board of Directors. He is a former Australian diplomat and member of parliament, having retired from public service in 2008 after a distinguished career spanning 23 years. Most recently, he was the Australian High Commissioner to the United Kingdom from 2014 to 2018.

Before entering Parliament in 1984, Alexander served as an Australian diplomat from 1976 until 1982, having previously worked as an Economist at Westpac Bank. He served as a member of the Australian House of Representatives from 1984 until 2008, and was leader of the Opposition and leader of the Australian Liberal Party from 1994 to 1995. Alexander was Australia’s longest serving foreign minister from 1996 to 2007. From 2008 to 2014, he served as United Nations Special Adviser to the Secretary-General on Cyprus while also taking the concurrent role of Visiting Professor of Politics and International Trade at the University of Adelaide.

Alexander is currently a member of the Advisory Boards for GRIPS (Japan) and Health Group (San Francisco). His previous board memberships include Huawei (Australia), Sun Resources, and Lakes Oil. He also served as Chairman of the Board at Common Ground.

Alexander received a Bachelor of Arts (Honours) in Politics and Economics from Newcastle University. He also holds honorary doctorates from Bar Ilan University and the University of South Australia. In 2001, Alexander was awarded the Centenary Medal and in 2013, he was appointed a Companion of the Order of Australia (AC) for his distinguished service as Foreign Minister.

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 Supervisory Board (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.