Marc Stern is an American attorney, business executive and philanthropist. He serves as the Chairman of the

TCW Group TCW Group is an asset management firm based in Los Angeles, California. History Founded by Robert Addison Day in 1971 and headquartered in Los Angeles, TCW manages a broad range of investment products. The TCW Group was originally known as Trus ...

, an asset management financial institution based in

Los Angeles, California Los Angeles ( ; es, Los Ángeles, link=no , ), often referred to by its initials L.A., is the largest city in the state of California and the second most populous city in the United States after New York City, as well as one of the world' ...

. He also owns minority stakes in Major League Baseball's Milwaukee Brewers and the NBA's

Milwaukee Bucks The Milwaukee Bucks are an American professional basketball team based in Milwaukee. The Bucks compete in the National Basketball Association (NBA) as a member of the league's Eastern Conference Central Division. The team was founded in 1968 ...

. Marc serves as the Chairman of the Los Angeles Opera.

Early life

Marc Irwin Stern was born to a

Jewish Jews ( he, יְהוּדִים, , ) or Jewish people are an ethnoreligious group and nation originating from the Israelites Israelite origins and kingdom: "The first act in the long drama of Jewish history is the age of the Israelites""The ...

family in Vineland, New Jersey,The Los Angeles Coalition: Marc Stern
/ref> the son of Sylvia (née Goodman) and Albert B. Stern.The Daily Journal: "Sylvia Stern Obituary"
September 9, 2013 He graduated from the Dickinson College in Carlisle, Pennsylvania, where he received a Bachelor of Arts degree in Political Science and History.Bloomberg BusinessWeek
/ref>TCW: Marc I. Stern
/ref>Forbes: Marc Stern
/ref> He then received a master's degree in Government and a J.D. from

Columbia University Columbia University (also known as Columbia, and officially as Columbia University in the City of New York) is a private research university in New York City. Established in 1754 as King's College on the grounds of Trinity Church in Manhatt ...

New York City New York, often called New York City or NYC, is the most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the most densely populated major city in the Un ...

Career

Stern practiced law at Debevoise & Plimpton, a law firm based in New York City, from 1970 to 1974. He then worked for

Allied-Signal AlliedSignal was an American aerospace, automotive and engineering company created through the 1985 merger of Allied Corp. and Signal Companies. It subsequently purchased Honeywell for $14.8 billion in 1999, and thereafter adopted the Honeywell ...

from 1974 to 1986. Later, he served as Managing Director and Chief Administrative Officer of The Henley Group. He was then President of SunAmerica, which later became a subsidiary of the

American International Group American International Group, Inc. (AIG) is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. , AIG companies employed 49,600 people.https://www.aig.com/content/dam/aig/amer ...

(AIG). Stern served as President of the

from 1990 to 2005. He then served as Vice Chairman of the Board from 2005 to 2013, and as Chief Executive Officer from 2009 to 2012. He also served on the Management Committee and the Global Investment Management and Services (GIMS) of the

Société Générale Société Générale S.A. (), colloquially known in English as SocGen (), is a French-based multinational financial services company founded in 1864, registered in downtown Paris and headquartered nearby in La Défense. Société Générale ...

from 2007 to 2013, as the TCW Group was the owned by the Société Générale; it is now owned by

The Carlyle Group The Carlyle Group is a multinational private equity, alternative asset management and financial services corporation based in the United States with $376 billion of assets under management. It specializes in private equity, real assets, and ...

. In 2009, he fired Jeffrey Gundlach, an asset manager who went on to establish his own company, DoubleLine Capital.TCW chief defends firing of star bond manager
''The Los Angeles Times'', August 19, 2011 After Gundlach sued TCW for US$500 million, Stern testified that he had feared Gundlach would steal TCW's client list to start his own company. Stern has served as the Chairman of the TCW Group in 2013. He has served on the Board of Directors of Qualcomm since February 1994. Stern's interest in sports has led him to have minority ownership holdings in the Milwaukee Brewers, a

professional baseball Professional baseball is organized baseball in which players are selected for their talents and are paid to play for a specific team or club system. It is played in leagues and associated farm teams throughout the world. Modern professional ...

team and the

, a professional basketball team. Both teams are based in

Milwaukee Milwaukee ( ), officially the City of Milwaukee, is both the most populous and most densely populated city in the U.S. state of Wisconsin and the county seat of Milwaukee County. With a population of 577,222 at the 2020 census, Milwaukee ...

Wisconsin Wisconsin () is a state in the upper Midwestern United States. Wisconsin is the 25th-largest state by total area and the 20th-most populous. It is bordered by Minnesota to the west, Iowa to the southwest, Illinois to the south, Lake M ...

. Marc was a member of the Olympic Bid Committee that successfully secured the 2028 Summer Games for Los Angeles. The Games of the XXXIV Olympiad will be the third time hosting for the city and its surrounding metro area, the prior events being the Summer Games of the X Olympiad in 1932 and the Summer Games of the XXIII Olympiad in 1984.

Philanthropy

Stern serves as the Chairman of the Board of Trustees of the Los Angeles Opera.Reed Johnson, David Ng
Drama afoot as L.A. Opera feels heat of rival works
''The Los Angeles Times'', June 20, 2012 He is also a major donor to the Los Angeles Philharmonic. He serves on the Boards of Trustees of the Performing Arts Center of Los Angeles County and the

John F. Kennedy Center for the Performing Arts The John F. Kennedy Center for the Performing Arts (formally known as the John F. Kennedy Memorial Center for the Performing Arts, and commonly referred to as the Kennedy Center) is the United States National Cultural Center, located on the Potom ...

, the

California Institute of Technology The California Institute of Technology (branded as Caltech or CIT)The university itself only spells its short form as "Caltech"; the institution considers other spellings such a"Cal Tech" and "CalTech" incorrect. The institute is also occasional ...

, the New York City Metropolitan Opera, and The Los Angeles Coalition. He was made a ''Commandeur de l'Ordre National du Mérite'' by the Republic of France. He and his wife run The Marc and Eva Stern Foundation (formerly The Stern Family Foundation) which focuses on arts and culture; diseases and conditions; education; Judaism; museums; nonprofits; performing arts; Judaic institutions; and public charities. The

Marc and Eva Stern Math and Science School Alliance Marc and Eva Stern Math and Science School, also known as The Stern Math and Science School or Stern MASS, is a charter high school in the University Hills neighborhood in the City of Los Angeles. It is a collaboration between the Allia ...

in Los Angeles is named after him and his wife.

Political activity

With his wife, Stern co-chaired a 2011 fundraiser for

Republican Republican can refer to: Political ideology * An advocate of a republic, a type of government that is not a monarchy or dictatorship, and is usually associated with the rule of law. ** Republicanism, the ideology in support of republics or agains ...

presidential candidate Mitt Romney at the

Beverly Hilton Hotel The Beverly Hilton is a hotel located on an property at the intersection of Wilshire and Santa Monica boulevards in Beverly Hills, California. The Beverly Hilton has hosted many awards shows, charity benefits, and entertainment and motion pi ...

in Beverly Hills, California.Tina Daunt
Hollywood Stays Away as Mitt Romney Raises More Than $1 Million in Beverly Hills
''

The Hollywood Reporter ''The Hollywood Reporter'' (''THR'') is an American digital and print magazine which focuses on the Hollywood film, television, and entertainment industries. It was founded in 1930 as a daily trade paper, and in 2010 switched to a weekly larg ...

'', 12/7/2011 He serves on the National Council of the

American Enterprise Institute The American Enterprise Institute for Public Policy Research, known simply as the American Enterprise Institute (AEI), is a center-right Washington, D.C.–based think tank that researches government, politics, economics, and social welfare. A ...

Personal life

Stern is married to Eva Stern, a clinical social worker and philanthropist. They have two children. They reside in

Malibu, California Malibu ( ; es, Malibú; Chumash: ) is a beach city in the Santa Monica Mountains region of Los Angeles County, California, situated about west of Downtown Los Angeles. It is known for its Mediterranean climate and its strip of the Malib ...

References

{{DEFAULTSORT:Stern, Marc Living people People from Vineland, New Jersey People from Malibu, California Dickinson College alumni Columbia Law School alumni American lawyers Jewish American sportspeople American chief executives American corporate directors Philanthropists from California California Institute of Technology Opera managers Year of birth missing (living people) 21st-century American Jews