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| Hayes & Company | |
|---|---|
| Name | Hayes & Company |
| Type | Private |
| Founded | 1987 |
| Founders | John Hayes |
| Headquarters | New York City, United States |
| Key people | Margaret Liu (CEO), Robert Kane (CFO) |
| Industry | Financial services |
| Revenue | US$2.1 billion (2023) |
| Employees | 4,200 (2024) |
Hayes & Company is a multinational financial services firm founded in 1987 with headquarters in New York City. The firm provides investment management, advisory, risk management, and technology-enabled solutions to institutional and high-net-worth clients across North America, Europe, and Asia. Known for blending traditional asset management with quantitative research and fintech platforms, the company operates in competitive markets alongside global firms and boutique specialists.
Hayes & Company was founded in 1987 by John Hayes after earlier careers at Goldman Sachs and Morgan Stanley, launching with a focus on fixed-income portfolio management and corporate advisory. During the 1990s the firm expanded into equities and derivatives amid a wave of consolidation led by institutions such as Citigroup, Bank of America, and Merrill Lynch. In 2001 Hayes entered European markets, opening offices in London and Frankfurt, and during the 2008 financial crisis the firm survived liquidity pressures that affected peers like Lehman Brothers and Bear Stearns by tightening risk controls modeled on frameworks from Basel Committee on Banking Supervision guidance. In the 2010s Hayes pivoted toward technology, acquiring software teams with experience from Bloomberg L.P. and BlackRock's Aladdin platform, and establishing research partnerships with universities including Columbia University and London School of Economics. Recent strategic moves include expansion into Asia with regional hubs in Hong Kong and Singapore, and a 2021 minority investment by a sovereign wealth fund from Abu Dhabi Investment Authority.
Hayes & Company offers a suite of services: discretionary asset management, wealth advisory, strategic consulting, and risk analytics. Its asset management products span fixed income, equities, multi-asset, and alternative strategies such as private equity and hedge funds, competing with offerings from Vanguard, BlackRock, and Fidelity Investments. The firm provides advisory for mergers and acquisitions, capital raising, and restructuring with advisory teams formerly from JP Morgan and Rothschild & Co.. Hayes also markets a proprietary portfolio risk platform built on quantitative models influenced by research from National Bureau of Economic Research and practitioners from Two Sigma and Bridgewater Associates. For family offices and foundations, Hayes runs customized wealth preservation and philanthropic planning coordinated with law firms and trustees familiar with Bain & Company and McKinsey & Company practices.
Hayes & Company is privately held with a partnership-style governance structure and a corporate board that includes industry veterans and independent directors from institutions like Blackstone and State Street Corporation. The executive team is led by CEO Margaret Liu, formerly a senior partner at KPMG, and CFO Robert Kane, who held finance roles at Credit Suisse. The board features specialists in compliance, technology, and investments, with advisory committees populated by former officials associated with Federal Reserve Board, Securities and Exchange Commission, and international regulators from European Central Bank. Hayes operates regional subsidiaries in the United Kingdom, Germany, Japan, and Australia, each overseen by managing directors reporting to the global COO.
Hayes reported revenue of approximately US$2.1 billion in 2023, driven by asset management fees, advisory retainers, and technology licensing. Assets under management (AUM) have grown steadily, placing the firm among mid-sized competitors with AUM comparable to established firms like T. Rowe Price in certain strategies. Profitability metrics have been supported by fee compression in passive markets offset by higher-margin alternative investments and software-as-a-service contracts with pension funds and insurers such as CalPERS and Ontario Teachers' Pension Plan. Financial disclosures emphasize capital adequacy and liquidity ratios aligned with banking peers and stress-tested scenarios used by large global banks including HSBC.
Hayes has advised on high-profile transactions including cross-border mergers and sovereign advisory mandates involving entities such as the treasury departments of Chile and infrastructure funds tied to Singapore sovereign investors. Institutional clients include public pension funds, endowments like Harvard Management Company and Yale Investments Office (in partnership capacities), and corporate treasury relationships with Fortune 500 companies. The firm led portfolio restructuring for distressed assets in coordination with restructuring teams experienced in cases like General Motors and participated in fixed-income syndicates alongside Deutsche Bank and UBS.
Hayes & Company has faced regulatory inquiries and litigation typical for large financial firms. Past issues included an enforcement inquiry from a securities regulator related to disclosure practices during an advisory engagement, reminiscent of enforcement actions pursued by the SEC against advisory firms. The firm settled a civil suit alleging contractual disputes with a private equity client; litigation referenced precedents from cases involving KKR and Carlyle Group. Hayes has also navigated client disputes over investment performance during market stress similar to fallout experienced by hedge funds during the COVID-19 pandemic market volatility. The company states remediation measures and strengthened compliance modeled on best practices from Deloitte and Ernst & Young.
Hayes participates in corporate social responsibility initiatives emphasizing financial literacy, climate finance, and community development. The firm supports nonprofit partners including United Way and climate research programs at institutions such as Princeton University and MIT. Hayes has committed capital to green bond issuance and sustainable investing funds aligned with frameworks from the Task Force on Climate-related Financial Disclosures and collaborates with multilaterals like the World Bank on development finance projects. Philanthropic efforts include scholarships and pro bono advisory to community development financial institutions patterned after philanthropic models from Bill & Melinda Gates Foundation and Rockefeller Foundation.
Category:Financial services companies of the United States