TCW Group hires CDO manager

Los Angeles-headquartered asset manager, TCW Group, a subsidiary of Société Générale, has hired Edward Steffelin for its New York office.

Steffelin, who joins the company from Allianz Risk Transfer, has been hired to manage collateralised debt obligations (CDO) which invest specifically in the equity tranches of other CDOs. He will report to Frederick Horton.

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