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Rating:TCW Funds' Head Resigns Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, December 31, 2013

TCW Funds' Head Resigns

Reported by Tommy Fernandez

The message on the SEC Filing was short, and to the point.

Effective December 31, 2013, Charles W. Baldiswieler has resigned as Director, President and Chief Executive Officer of the Corporation.

As of January 1, 2014, all references to Charles W. Baldiswieler will be deleted.

The 55-year-old Charles Baldiswieler had been named president and chief executive of TCW Funds in December 2009. He had replaced Ron Redell, who had left TCW to join Jeff Gundlach at DoubleLine Capital.

During Baldiswieler's tenure, TCW hit a number of milestones, including the acquisition Metropolitan West Asset Management, and the launching of a number of funds.

Then in a torturous long-delayed deal, TCW itself was then acquired by private equity firm Carlyle Group. The deal was closed in February.

During the rest of the year, TCW had witnessed a number of C-level departures.

Erin Freeman, head of communications, departed in March, while executive vice president Mark Gibello departed in April. Then chief risk officer Joseph Burschinger left in October. Burschinger was reportedly part of a group known as Project G, consisting of seven TCW executives who sat on a committee to fire Gundlach from TCW.

TheSEC Filing on Baldiswieler's departure doesn't name a successor. Requests for comment with TCW spokespeople have yet to receive a response. 

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