WL Ross Names New Co-Leaders

Mar 26 2014 | 10:41am ET

At 76, private-equity billionaire Wilbur Ross is ready to take a little step back.

Ross’ New York-based firm, WL Ross & Co., has named two new co-leaders: Greg Stoeckle and Stephen Toy. Ross himself will remain chairman of the firm and chief strategy officer.

“With Stephen leading the investment side of our business and Greg in charge of all the other aspects, I will now have more time to devote to developing and implementing the macro strategies that have always been central to our portfolio decisions,” Ross said.

Toy has been with WL Ross since its debut in 2000. He is chairman of the firm’s investment committee. Stoeckle joins the p.e. shop from its parent, Invesco, which bough WL Ross in 2006. At Invesco, Stoeckle was president of its bank-loan unit.

Their appointments as co-leaders takes effect on May 1.


In Depth

Steinbrugge: Will Hedge Funds Help or Hurt During the Next Market Correction?

Sep 7 2016 | 11:55pm ET

Most investors have become accustomed to quick rebounds when markets correct, but...

Lifestyle

Quattrex Sports AG Debuts Soccer-Focused UCITS Fund

Sep 9 2016 | 9:54pm ET

Innovative alternative investment company Quattrex Sports has unveiled a new UCITS...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...