Kathryn Koch was named president and CEO of TCW Group, a news release said Tuesday.
Ms. Koch, who will join the manager in the coming months, was previously CIO of the public equity business at Goldman Sachs Asset Management.
She will succeed David Lippman, who is retiring from the firm when his contract expires at the end of 2022. In August 2021, sources said he was expected to leave when the impending departure of Tad Rivelle, CIO of fixed income, was announced. Mr. Lippman has been CEO of TCW Group since 2012.
A TCW Group spokesman said in an email that Ms. Koch was selected for "her broad experience in domestic and international business development and strategic planning."
GSAM announced Ms. Koch's departure in a statement on Tuesday emailed by a spokeswoman. She will not be directly replaced, and the heads of the three primary investment platforms within public equities will report to Ashish Shah, CIO of public investing. Those are Steve Barry, CIO of fundamental equities, Monali Vora, head of quantitative equity solutions; and Osman Ali and Dennis Walsh, co-heads of quantitative investing.
TCW Group has about $220 billion in assets under management.
Ms. Koch could not be immediately reached for further information.
