Simon Park joined TCW Group as a managing director in its U.S. fixed-income group, responsible for trading high-yield and crossover securities, said firm spokesman Doug Morris on Wednesday.
The position is new. Mr. Park will be based in Los Angeles and report to Jerry Cudzil, head of U.S. credit trading.
Prior to joining TCW, Mr. Park was a portfolio manager and fund risk manager for JAE Credit Management, where he focused on U.S. corporate securities and derivatives. Officials at JAE Credit Management could not be immediately reached for comment on a replacement.