TCW Group has announced the expansion of its distribution efforts in Europe and Asia, with the opening of new TCW offices in Paris and Hong Kong staffed by industry veterans familiar with those regions. The announcement follows the Feb. 6 completion of the acquisition of TCW from Société Générale by TCW management and The Carlyle Group.
“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 CEO. “We look forward to working closely with investors across those key regions to build new partnerships and develop new products that meet the needs of international investors.”
The Paris office is overseen by Heinrich Riehl, a TCW Managing Director and Head of TCW Europe. In Hong Kong, the office is overseen by Stacy Hsu, a TCW Managing Director and Head of TCW Asia.
TCW has established a UCITS platform in Luxembourg to build a fund franchise that will replicate the most successful funds in the TCW and MetWest U.S. fund complexes, which have $53.8 billion in assets and have grown very rapidly in recent years. TCW has also forged several key 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, develops and manages approximately $130.7 billion in assets under management as of March 31, 2013. TCW clients include many of the largest corporate and public pension plans, financial institutions, endowments and foundations in the U.S., as well as a substantial number of foreign investors and high net worth individuals.