Credit specialist firm CQS announced it has hired a new head of its U.S. operations from Ivy Asset Management.

Jeffrey Lindenbaum will become the chief executive officer of CQS (US) as well as its chief compliance officer, the announcement said. He will be responsible for business development, as well as bolstering the firm’s North American marketing and investor relations.

Prior to joining CQS, Lindenbaum was a managing director at Ivy. He was responsible for product development, focusing on global marketing of new products. Before that, Lindenbaum was responsible for client development in Asia and Europe. He was responsible for marketing to institutional investors, distribution relationships, marketing and client services.

CQS focuses on convertible security, corporate credit, asset backed security, distressed debt, loan and multi-strategy portfolios. The firm, founded in 1999 by Michael Hintze, has $6.8 billion in assets under management. CQS has operations worldwide, including London, Hong Kong, New York, Geneva, Sydney, Luxembourg and the Channel Islands.

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