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(Reuters) – Asset manager Oaktree Capital Management L.P. on Wednesday named insiders Robert O’Leary and Armen Panossian as co-CEOs to replace Jay Wintrob, who is resigning in the first quarter of 2024.
O’Leary currently serves as the firm’s portfolio manager for global opportunities strategy, while Panossian is the head of performing credit.
As part of the leadership transition, Todd Molz, Oaktree’s general counsel and chief administrative officer, will be named chief operating officer.
He will oversee the day-to-day management of the firm with all non-investment functions reporting to him, Oaktree said.
(Reporting by Manya Saini in Bengaluru; Editing by Saumyadeb Chakrabarty)
