Xavier Rolet, one of the brains behind London-Shanghai Stock Connect, joins hedge fund CQS
- Rolet, former London Stock Exchange chief executive, to help company expand in Asia and China
- CQS has US$18.1 billion under management as of December 1, 2018
Xavier Rolet, former London Stock Exchange chief executive and one of the brains behind the London-Shanghai stock connect, which is expected to launch in early 2019, has been named as the chief executive of London-based hedge fund CQS.
Rolet takes over in January and will help the company expand globally, particularly in Asia and mainland China. “I have know [CQS founder] Michael Hintze for 35 years – we both worked at Goldman Sachs in New York. We knew we could work well together, as a team, to expand our trading globally, particularly in Asia and the Greater China region,” he said in a telephone interview, following the announcement of his appointment.
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CQS focuses on fixed income and stocks, and had US$18.1 billion in assets under management as of December 1, 2018. The company has offices in London, Hong Kong, New York and Sydney, and its clients include pension funds, insurance companies, sovereign wealth funds and private banks.
Hintze will become group executive chairman after Rolet’s appointment as CEO, effective January 14.
Rolet, who started his career on the international arbitrage desk at Goldman in January 1984, pushed for the London-Shanghai stock connect during his time leading the LSE, where he worked from May 2009 to November 2017. He said the stock connect was an ideal way for more international investors to trade mainland Chinese A-shares, which were increasingly important internationally.
“I have always believed in globalisation, and the stock connect scheme between the markets in Shanghai and London will bring these two markets closer,” he said.