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CQS names new CEO of U.S. business

Michel Brogard joined multistrategy hedge fund manager CQS (US) as CEO of the London-based firm's U.S. business.

He replaces Jeffrey Lindenbaum, who assumed the new role of head of intermediary distribution, spokesman Michael Rummel said.

Mr. Brogard is based in CQS' New York office and reports to Xavier Rolet, CQS' CEO.

"Increasing our penetration in the North American market, which accounts for 55% of global financial assets, is essential as we broaden and deepen our investment capabilities to better serve our clients' needs," Mr. Rolet said in a news release. "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."

Mr. Brogard founded Lalaye Investments in 2016. Further information about his previous firm could not be learned.

CQS managed $18.4 billion as of March 1 in corporate and structured credit, asset-backed securities, convertibles, loans and equities.