California's TCW Group Spreads Wings In Hong Kong, Paris

Tom Burroughes

11 June 2013

The TCW Group, the California-headquartered asset management firm, is boosting its distribution in Asia and Europe with the launch of new offices in Hong Kong and Paris.

The new offices come after TCW’s management, and Carlyle Group, the private equity titan, bought the business from Societe Generale in early February this year.

“Expanding our international distribution platform is a significant priority for TCW, and we have a long-term commitment to serve investors across Asia and Europe,” said David Lippman, TCW president and chief executive.

The Paris office is overseen by Heinrich Riehl, a TCW managing director and head of TCW Europe. In Hong Kong, the office is led by Stacy Hsu, a TCW managing director and head of TCW Asia.

TCW has established a UCITS funds platform in Luxembourg to build a fund franchise designed to replicate the most successful funds in the TCW and MetWest US fund complexes, which have $53.8 billion in assets.

The firm has also forged several international distribution partnerships, including sub-advisory relationships with Amundi and Pictet in Europe; and a partnership in the Middle East with NCB to offer Shariah-compliant funds.

Founded in 1971, The TCW Group now oversees a total of $130.7 billion in assets under management . Clients include institutions and high net worth individuals.