The TCW Group has announced that Goldman Sachs veteran Kathryn (Katie) Koch will join the firm as president and chief executive officer, effective Jan. 1, 2023. Koch will replace David Lippman, who has been CEO since 2012 and previously led Metropolitan West before TCW acquired it in late 2009. Koch’s appointment comes roughly one year after TCW announced former CIO Tad Rivelle’s retirement. At that time, it was not clear that Lippman’s tenure would extend beyond his current contract (which expires at the end of 2022), so this announcement regarding new leadership at TCW does not come as a surprise.
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