December 18, 2017 / 12:28 PM / 5 months ago

MOVES-Ares Management names Michael Arougheti as CEO

Dec 18 (Reuters) - Alternative asset manager Ares Management LP named Michael Arougheti as its chief executive, effective Jan. 1.

Arougheti will replace Tony Ressler, who will continue as the company’s executive chairman, Ares said on Monday.

The company also said Chief Financial Officer Michael McFerran would take on additional responsibilities as chief operating officer. (Reporting by Diptendu Lahiri)

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