Western Asset Management Co. has appointed Thomas J. Gahan to president and CEO. James W. Hirschmann III assumes the role of chairman. Both roles are effective immediately. In addition, Gahan will continue in his role as chairman of Benefit Street Partners (BSP).
With more than 35 years of experience, Gahan is an industry veteran with expertise in fixed income, alternatives and other asset classes, as well as executive leadership. Most recently, Gahan served as founder and chairman of Benefit Street Partners.
Gahan, as CEO, founded Benefit Street Partners in 2008 and joined Franklin Templeton in 2019 as part of the BSP acquisition. Previously, he held several leadership roles at Deutsche Bank, including CEO of Deutsche Bank Securities Inc., global head of capital markets, head of corporate and investment banking in the Americas and chairman of the principal investment committee. He was also a member of the Global Banking Executive Committee and the Global Markets Execu
