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Benedicte Gravrand, Opalesque Geneva:

Two senior executives are leaving investment manager Oaktree Capital Group, and are being replaced. At the same time, the firm reported an increase in net income, and a slight increase in assets under management from last quarter.

David Kirchheimer has decided to retire as Oaktree Capital Group’s chief financial officer and member of its board of directors at the end of March 2017. At that time, he will transition to serving as an advisory partner for the firm. He joined Oaktree in 1995.

Daniel Levin, managing director, head of corporate finance and chief product officer, will assume the role of chief financial officer on April 1, 2017. Prior to joining Oaktree in 2011, Levin was a vice president in the investment banking division at Goldman, Sachs, focusing on asset management firms and other financial institutions.

Steve Kaplan, director, principal, and founder of Oaktree’s Global Principal Group, has also decided to retire to pursue his personal interests and will transition to serving as an advisory partner to the firm. He joined Oaktree in 1995. He will assume his new role and step down from Oaktree’s board of directors at the end of 2016.

Oaktree has a......................

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