Oaktree Taps Veterans O’Leary and Panossian as Co-CEOs

Oaktree Capital Management has named Robert O’Leary and Armen Panossian as co-chief executive officers, selecting two veterans to lead the firm from the first quarter of next year.

The two will succeed Jay Wintrob, who will leave after almost a decade as Oaktree’s first CEO, according to a client memo seen by Bloomberg. Todd Molz will become chief operating officer, taking on much of the day-to-day management of the firm, the document said.

Jay Wintrob

Photographer: Christopher Goodney/Bloomberg

O’Leary joined Oaktree in 2002 and most recently served as portfolio manager of the firm’s flagship Global Opportunities strategy. Panossian joined Oaktree’s Global Opportunities group ...