Breaking News
Ad-Free Version. Upgrade your experience. Save up to 40% More details

TCW's head of alternative products Jess Ravich leaves firm

Stock MarketsJun 12, 2019 09:15PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
© Reuters. The Trust Company of the West building in downtown Los Angeles

By Jessica DiNapoli

NEW YORK (Reuters) - Jess Ravich, the head of alternative products at TCW Group Inc, has left the U.S. asset management firm, a company spokesman said on Wednesday.

Ravich last year was named as a defendant in a sexual harassment case filed in New York state court by Sara Tirschwell, a distressed debt specialist who had worked at TCW. The lawsuit, which is also against TCW and its chief executive David Lippman, is pending in court.

Through his lawyer, Ravich declined to comment on the reason for his departure. TCW declined to comment on the reason why Ravich left the firm.

"Tirschwell's complaint filed January 25, 2018 in New York State Supreme Court is quite clear about her position concerning the conduct of Jess Ravich, David Lippman – TCW’s chief executive officer – and TCW toward her," a spokesperson for Tirschwell said in a statement. "Beyond this, Tirschwell has no comment."

Ravich stepped down from TCW's board of directors in October 2018 after the firm found "some unprofessional communications" between Ravich and Tirschwell, according to a copy of an internal memo reviewed by Reuters. He had previously been on leave from the board, according to the memo.

TCW had hired an independent law firm to look into Tirschwell's allegations after it learned of them, according to the memo.

In her lawsuit, Tirschwell said Ravich, who was her boss at the time, "coerced" her into having sex with him. She alleged that after complaining of his advances, TCW fired her on the pretext that she had violated the firm's conflict of interest rules.

TCW has said in the past that it is proud of its inclusive culture and has a zero tolerance policy for any form of predatory behavior. In past statements, Ravich has said Tirschwell's "allegations are completely false," and that he was her "biggest supporter."

Ravich worked as head of alternative products at TCW since 2012. Earlier in his career, he was head of the capital markets group at investment bank Houlihan Lokey Inc.

Tirschwell spent 11 years at hedge fund Davidson Kempner Capital Management, according to her LinkedIn (NYSE:LNKD) profile, and has been named as among the top women in her field.

She is now the interim chief financial officer at Foundation House, a transitional sober living program for men aged 17 to 35, according to the program's website.

Over the last few years, dozens of men have been fired or resigned from jobs in politics, media, entertainment and business after facing sexual misconduct accusations, including Hollywood mogul Harvey Weinstein and broadcaster Charlie Rose.

TCW's head of alternative products Jess Ravich leaves firm

Related Articles

Honda posts 4.2% rise in full-year operating profit
Honda posts 4.2% rise in full-year operating profit By Reuters - May 14, 2021

TOKYO (Reuters) - Honda Motor Co on Friday posted a 4.2 % increase in annual operating profit, with car sales recovering from the impact of the COVID-19 pandemic. Japan's No.2...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email