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Los Angeles' Oaktree names former AIG executive as first CEO
Los Angeles' Oaktree names former AIG executive as first CEO

Los Angeles-based distressed-debt manager Oaktree Capital Group on Monday named its first CEO: former AIG executive Jay Wintrob. Wintrob, who left AIG last month, will become chief executive Nov. 1, the company said in a statement. Wintrob has served on Oaktree’s board since 2011. Most recently, he was president and chief executive of AIG’s life insurance and retirement unit. Oaktree, which manages about $91 billion in assets, went public two years ago. Among its holdings is a significant stake in Tribune Publishing, owner of the Los Angeles Times and other newspapers. As part of the leadership change at Oaktree, co-founder and president Bruce Karsh will become co-chairman....

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