TCW Hires New Compliance Chief

Aug 26 2014 | 7:46am ET

TCW Group, its eye on new global hedge-fund regulations, has a new chief compliance officer.

The firm said it had hired Jeffrey Engelsman to fill the post, which has been vacant since the retirement in October of Hilary Lord. Engelsman joins the $141.6 billion asset management from New York Life Investments, where he was CCO of its MainStay Investments subsidiary.

TCW cited both the Dodd-Frank law in the U.S. and the European Union’s Alternative Investment Fund Managers’ Directive as driving the choice of Engelsman.

“We do believe that the regulatory frameworks worldwide are becoming more and more complex,” general counsel Meredith Jackson told Reuters. “With Jeff, we saw somebody who could take us to the next level.”

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