Gary W. Lisenbee joined Aristotle Capital Management in Los Angeles as co-CEO and co-chief investment officer, Howard Gleicher, who had been the firm's sole CEO and CIO, confirmed Wednesday.
It is a new position. The move reunites Mr. Lisenbee and Mr. Gleicher. Mr. Lisenbee co-founded Metropolitan West Capital Management in 1997 with Mr. Gleicher; Steve Borowski, who was the firm's managing partner; and Richard Hollander, who was chairman of the board.
Mr. Borowski is now president of Aristotle, and Mr. Hollander is the chairman of the board. Aristotle Capital, a value-oriented equity manager, manages more than $3 billion in assets, according to Mr. Gleicher.
Mr. Lisenbee was CEO and CIO at Metropolitan West. Kirk Hartman, president and chief investment officer of Wells Capital Management, replaced Mr. Lisenbee as CEO, confirmed spokesman Laura Fay. Mr. Hartman also retained his current duties, and no other changes are planned, Ms. Fay said.
Metropolitan West is a wholly owned subsidiary of Wells Fargo Bank.
Mr. Lisenbee said in an interview he is excited about rejoining partners and colleagues with whom he had worked for more than 20 years.