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DoubleLine Hires Exec for Latin America; Ariel Elects New Board Member

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DoubleLine Capital has tapped Joel Peña to lead institutional and intermediary investor relations in Latin America and manage relations with overseas clients, advisors and distributors working with offshore platforms.

Peña, a 16-year industry veteran, joins DoubleLine from international asset manager Robeco. Earlier, he spent six years as head of institutional clients in Latin America for Pimco after working for BBVA Bancomer, Bank Hapoalim and Morgan Stanley, according to his LinkedIn profile.

“My colleagues and I are delighted to welcome Joel into the DoubleLine team to sharpen our focus on the needs and objectives of institutional and private investors in Latin American and the Caribbean,” said Ron Redell, executive vice president of DoubleLine, which has some $109 billion in client assets.

“Navigating markets in today’s complex environment is far from easy. Very few firms have been as successful at it as DoubleLine,” said Peña, a CFA and chartered alternative investment analyst, in a statement. “I look forward to leading the expansion in Latin America within this organization, a company which is fully committed to always putting its clients’ needs first.”

DoubleLine will host its next webinar for investors on Sept. 12. It will be led by CEO and Chief Investment Officer Jeffrey Gundlach.

Ariel Adds to Board

Ariel Investments says Heather Tookes, a finance professor at the Yale School of Management, has been elected to its board of directors.

Tookes is a member of the FINRA Economic Advisory Committee.

“We are delighted to have Professor Tookes join our company board. We know Ariel will benefit greatly from her insights, research and deep knowledge of the financial markets,” said John W. Rogers Jr., founder, chairman and chief investment officer of Ariel Investments, in a statement.

Tookes has been on the faculty of Yale’s SOM since 2004. Earlier, she worked for the Johnson Graduate School of Management at Cornell University.

According to Ariel, Tookes’ research focuses on how credit-market friction can impact firms’ financing decisions. In addition, she has examined how firms’ competition in product markets relates to various aspects of corporate finance and identified the effects of initial public offerings on rival firms.

“We have great admiration for her work and believe she will bring a valuable perspective to our board and investment effort,” Rogers added.

Ariel Investments’ no-load mutual funds and separate accounts have assets of nearly $12 billion.

— Check out Gundlach, Wary of Pricey Market, Sets Cap on DoubleLine’s Growth on ThinkAdvisor.


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