This episode explores Katie Koch's transition from CIO at Goldman Sachs to CEO of TCW, a global asset management firm, and her strategies for leading the company through evolving market dynamics. Koch reflects on her experiences at Goldman Sachs, emphasizing the invaluable relationships and lessons learned, particularly the importance of building genuine connections and offering value before seeking personal gain. Against the backdrop of a volatile macro environment, Koch discusses TCW's push into alternative investments and private credit, driven by the shifting landscape of fixed income markets and the need to remain relevant to borrowers. More significantly, Koch details how institutional investors are increasingly seeking holistic solutions and customized portfolios that blend public and private asset classes to meet specific return targets. As the discussion pivots to culture, Koch highlights the significance of integrity, humility, intellectual curiosity, and collaboration in fostering psychological safety and a feedback-rich environment within TCW. Koch also shares personal lessons from her parents and her time at Notre Dame, emphasizing resilience and believing in something bigger than oneself, and what this means for instilling those values in her own children.
