Howard Gleicher was named CEO and chief investment officer of Aristotle Capital Management, Mr. Gleicher confirmed.
He was co-founder, CEO and CIO at Metropolitan West Capital Management, a subsidiary of Wells Fargo with around $10 billion in assets under management. He left the firm in October.
In a copy of an e-mail Mr. Gleicher sent to friends and colleagues obtained by P&I Daily, he wrote that Aristotle is the investment adviser to the Saul Fund, the predecessor investment fund to Metropolitan West Capital.
He said in the e-mail that current clients of Aristotle and the Saul Fund include himself and other members of his extended family as well as friends. Mr. Gleicher declined any additional comment.
Mr. Gleicher was one of four portfolio managers for Wells Fargo’s Advantage Intrinsic Value, Advantage Intrinsic World Equity and Advantage VT Intrinsic Value funds, confirmed John Roehm, spokesman at Wells Fargo Advantage Funds. Metropolitan West Capital continues to subadvise the funds.
Gary Lisenbee, Metropolitan West Capital co-founder and president, was named CEO and CIO at the subsidiary.
Sandra L. Incontro replaced him as president; she was not immediately available for comment.