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Ex-LSE chief Rolet approached about top CQS job

By Mark Kleinman, City editor
Xavier Rolet, the former chief executive of the London Stock Exchange Group (LSE), has been approached about taking on a top job at CQS, the asset manager run by one of the Conservative Party's most generous donors.
Sky News has learnt that Mr Rolet, who quit the ‎LSE last year after a bitter boardroom row which gripped the City, is one of several prominent figures sounded out about a leading role by Sir Michael Hintze, CQS's founder.
It was unclear on Monday evening how close Mr Rolet might be to accepting a job with CQS, which manages more than $17bn for investors.One source close to the firm said that to link the former LSE chief with CQS would be "premature", although one City insider suggested there were active discussions taking place between them.Sir Michael, a British-Australian investor and enthusiastic Brexit supporter, founded CQS in 1999 and has become one of the City's most successful figures, amassing a €1.4bn fortune, according to this year's Sunday Times Rich List.He is reported to have given well over €1.5m to political causes including the Tories and to the Vote Leave campaign ahead of the 2016 EU referendum.A move to hire Mr Rolet would be an undoubted coup for a firm which has ambitions of becoming a much larger player in the asset management sector.The Frenchman was regarded as one of the most ‎effective bosses in corporate Britain during his eight years running the LSE, during which he diversified the business and transformed it into a critical provider of financial markets infrastructure.His tenure was marred in its final stages, however, by a bitter row which saw its boardroom laid siege to by The Children's Investment Fund (TCI), a hedge fund manager which alleged that the LSE had forced him to step down.
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