TCW Adds Two Senior-Level Executives to Legal and Compliance Functions

Oct 5 2015 | 7:25pm ET

Global asset manager TCW Group has strengthened its legal and compliance areas through the addition of two senior-level hires.

Frank Gioia has joined TCW’s compliance department as a senior vice president and head of investment control. He will lead the firm’s guideline monitoring efforts and work closely with operations, information technology, the trading desks and client services. 

Prior to TCW, Gioia was the Compliance Product Manager for Charles River Development. He will be based in Los Angeles and will report to Jeff Engelsman, TCW’s Global CCO. 

Dipo Ashiru has joined TCW as a senior vice president and associate general counsel. He brings significant alternatives experience to TCW, and will also be responsible for a wide range of legal matters. 

Ashiru joins TCW from KKR, where he served as an adviser and senior counsel to the firm’s diversified private equity, credit and hedge funds platform. He is based in New York and will reports to Meredith Jackson, TCW’s General Counsel.

“Deepening our expertise in legal, compliance and controls is extremely important as our business continues to grow and the regulatory environment becomes more complex around the world,” noted Engelsman in a statement. 

“We are enthusiastic about adding new senior team members of the caliber of Frank and Dipo, who will be key players in our continual efforts to stay ahead of the curve on legal and regulatory matters,” added Jackson. “We welcome them to the team and look forward to the vital contributions they will make to TCW.”

Founded by Robert Addison Day in 1971, TCW is a global asset management firm with approximately $178 billion in assets under management across fixed income, equities, emerging markets and alternative investments. TCW’s clients include many of the world’s largest corporate and public pension plans, financial institutions, endowments and foundations, as well as financial advisors and high net worth individuals. Carlyle bought a controlling stake in the company from Societe Generale in 2013. 

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