Stephen Purdy joined TCW Group as managing director and special situations analyst, fixed-income credit research group, said Doug Morris, company spokesman.
It is a new position. Mr. Purdy, who started April 1, is based in Los Angeles and among his responsibilities is analyzing and identifying stressed and distressed credit opportunities. He reports to Jamie Farnham, managing director and director of credit research.
He was previously a managing director at TPG Capital in London. Officials there could not be reached by press time.
