Oz Management Appoints Robert Shafir to Succeed Dan Och as Chief Executive Officer
30 Janvier 2018 - 2:15PM
Och-Ziff Capital Management Group LLC (NYSE:OZM) (the
“Company,” “Oz Management” or “Oz”) announced today that Robert
Shafir will succeed Dan Och as Chief Executive Officer, effective
February 5, 2018. As part of the transition, Mr. Shafir will join
the Board of Directors on the same date. Mr. Och, the Company’s
largest shareholder, will continue to serve as Chairman of the
Board through March 31, 2019, after which time he expects to remain
involved with the firm.
Mr. Shafir, who previously served as the CEO of Credit Suisse
Americas and Co-Head of Private Banking & Wealth Management,
will provide day-to-day leadership and management of the Company.
He will also be responsible for the planning and execution of Oz’s
strategic direction, financial objectives and client
engagement.
Mr. Och said, “Rob is a world-class executive who will be a
great asset to Oz as we continue our evolution as a firm. His
distinguished career of over 30 years leading global financial
institutions and asset management businesses brings unique
experience that will benefit Oz significantly. Importantly, having
Rob as a dedicated CEO will enable our nearly 150 investment
professionals to continue to focus solely on what they do
best—generating returns for our clients. I am confident this will
be a seamless transition and look forward to building on our strong
2017 results.”
Allan S. Bufferd, Lead Independent Director of Oz Management,
said, “We are grateful for Dan’s leadership over the past two
decades and his continued efforts to position Oz for future
success. We are thrilled to have someone of Rob’s caliber join and
collaborate with the organization’s deep and experienced management
team to drive the next phase of this storied firm’s development.
Rob has exceptional experience growing and managing a global asset
management firm. He has the support of the Board and we are
confident that he is a perfect fit to lead Oz going forward.”
Mr. Shafir said, “Oz Management is an excellent firm with a
stellar long-term track record and a robust institutional
infrastructure. Dan has built a leading global asset management
organization and I’m honored to lead the Company as the next CEO.
The firm is deeply committed to its investors, employees and
shareholders and I look forward to working with the Board, Dan and
all of our employees to continue to drive value in the years
ahead.”
Jimmy Levin, Co-Chief Investment Officer, said, “Oz is a
tremendous firm with a talented and creative team that works each
day to identify and execute on the most compelling investment
opportunities around the world. I am excited about the future
and look forward to welcoming Rob.”
About Robert Shafir
Mr. Shafir previously served in various capacities at Credit
Suisse Group AG, most recently as the CEO of Credit Suisse Americas
from 2008 to 2016 and Co-Head of Private Banking & Wealth
Management, which included oversight of Asset Management, from 2012
to 2016. He was a member of the Executive Board of Credit Suisse
Group and Credit Suisse. He was also Chairman of the Americas CEO
Management Committee and the Private Banking & Wealth
Management Products Management Committee.
Prior to joining Credit Suisse, in August 2007, Mr. Shafir
worked at Lehman Brothers for 17 years serving as Head of Global
Equities, as well as a member of their Executive Board. He also
held other senior roles, including Head of European Equities and
Global Head of Equities Trading, and played a key role in building
Lehman's equities business into a global, institutionally-focused
franchise. Prior to that, he worked at Morgan Stanley in the
preferred stock business within the fixed income division.
Mr. Shafir received a B.A. in Economics from Lafayette College
and an M.B.A. from Columbia Business School.
About Oz Management
Oz Management is one of the largest institutional
alternative asset managers in the world, with offices in New York,
London, Hong Kong, Mumbai, Beijing, Shanghai and Houston.
Oz provides asset management services to investors globally
through its multi-strategy funds, dedicated credit funds, including
opportunistic credit funds and Institutional Credit Strategies
products, real estate funds and other alternative investment
vehicles. Oz seeks to generate consistent, positive, absolute
returns across market cycles, with low volatility compared to the
broader markets, and with an emphasis on preservation of capital.
Oz’s funds invest across multiple strategies and geographies,
consistent with the investment objectives of each fund. The global
investment strategies Oz employs include convertible and derivative
arbitrage, corporate credit, long/short equity special situations,
merger arbitrage, private investments, real estate and structured
credit. As of January 1, 2018, Oz had approximately $31.9
billion in assets under management. For more information, please
visit Oz Management’s website (www.ozm.com).
Investor
Relations Contact |
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Media Relations
Contacts |
Adam Willkomm |
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Joe Snodgrass |
Head of Business
Development and Shareholder Services |
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Head of Corporate
Communications |
+1-212-719-7381 |
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+1-212-887-4821 |
investorrelations@ozm.com |
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joseph.snodgrass@ozm.com |
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Jonathan
Gasthalter |
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Gasthalter & Co.
LP |
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+1-212-257-4170 |
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jg@gasthalter.com |
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