Allan R. Toole, former portfolio manager at TCW and head of the firm’s portfolio analytics group, has assumed the positions of chief risk officer of DoubleLine Capital and head of product development at the firm.
As chief risk officer, Mr. Toole is responsible for coordinating the firm’s programs for detection and measurement of material risks to investment portfolios, enabling the firm to maintain accounts in accordance with strategy guidelines and client risk profiles. He will play a key role in the development of internal risk systems and processes for the analysis of the firm’s workflows, operations and systems, and the establishment of mitigating controls for material operations risks. He also chairs the DoubleLine risk management committee, which meets to review account performance and performance attribution, yield, duration and other risk metrics.
Mr. Toole also heads product development and analytics at DoubleLine. In that capacity, he will review new products and structures to identify material market risks and establish effective risk-management controls over their life cycle. Other responsibilities include performance measurement/analytics and compliance with GIPS, and assistance in marketing/client relations.
Mr. Toole, 40, has a distinguished career in financial analytics, risk control and portfolio management. Before joining DoubleLine, he served 15 years at TCW until December 2009. At TCW, he was a managing director and served as head of the portfolio analytics group, chairman of the portfolio analytics committee and chairman of the market and product development committee. In addition, he was a portfolio manager of the TCW Asset Allocation Funds and the TCW Alpha Series market-neutral strategy. Previously, he was a manager of insurance finance for the risk management department of Tenet Healthcare Corporation. -PRNewswire
