TCW’s head of other merchandise Jess Ravich leaves agency By –

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© -. The Trust Company of the West constructing in downtown Los Angeles

By Jessica DiNapoli

NEW YORK (-) – Jess Ravich, the top of other merchandise at TCW Group Inc, has left the U.S. asset administration agency, an organization spokesman stated on Wednesday.

Ravich final 12 months was named as a defendant in a sexual harassment case filed in New York state court docket by Sara Tirschwell, a distressed debt specialist who had labored at TCW. The lawsuit, which can also be in opposition to TCW and its chief government David Lippman, is pending in court docket.

Through his lawyer, Ravich declined to touch upon the explanation for his departure. TCW declined to touch upon the explanation why Ravich left the agency.

“Tirschwell’s criticism filed January 25, 2018 in New York State Supreme Court is sort of clear about her place in regards to the conduct of Jess Ravich, David Lippman – TCW’s chief government officer – and TCW towards her,” a spokesperson for Tirschwell stated in an announcement. “Beyond this, Tirschwell has no remark.”

Ravich stepped down from TCW’s board of administrators in October 2018 after the agency discovered “some unprofessional communications” between Ravich and Tirschwell, in accordance with a replica of an inside memo reviewed by -. He had beforehand been on depart from the board, in accordance with the memo.

TCW had employed an impartial legislation agency to look into Tirschwell’s allegations after it discovered of them, in accordance with the memo.

In her lawsuit, Tirschwell stated Ravich, who was her boss on the time, “coerced” her into having intercourse with him. She alleged that after complaining of his advances, TCW fired her on the pretext that she had violated the agency’s battle of curiosity guidelines.

TCW has stated up to now that it’s happy with its inclusive tradition and has a zero tolerance coverage for any type of predatory conduct. In previous statements, Ravich has stated Tirschwell’s “allegations are fully false,” and that he was her “largest supporter.”

Ravich labored as head of other merchandise at TCW since 2012. Earlier in his profession, he was head of the capital markets group at funding financial institution Houlihan Lokey Inc.

Tirschwell spent 11 years at hedge fund Davidson Kempner Capital Management, in accordance with her LinkedIn (NYSE:) profile, and has been named as among the many high girls in her discipline.

She is now the interim chief monetary officer at Foundation House, a transitional sober dwelling program for males aged 17 to 35, in accordance with this system’s web site.

Over the previous couple of years, dozens of males have been fired or resigned from jobs in politics, media, leisure and enterprise after going through sexual misconduct accusations, together with Hollywood mogul Harvey Weinstein and broadcaster Charlie Rose.

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