You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.

LOS ANGELES--(BUSINESS WIRE)--The TCW Group, a global asset management firm, announced today the appointment of Liz Kraninger as Chief Operating Officer. In this role, Ms. Kraninger will oversee TCWs information technology, investment operations and various corporate functions. Ms. Kraninger joins TCW after a 14-year tenure at PIMCO, where she has held senior roles in operations across the firm, having led teams in a number of key areas including data management, client servicing technology, and firm-wide strategic alignment. Most recently Executive Vice President and Head of Client Operations, Ms. Kraninger also previously held senior roles in business strategy and information technology. Liz brings a wealth of experience in operations and technology, and has a deep and detailed understanding of the challenges and opportunities facing the industry, said David Lippman, President and Chief Executive Officer of TCW. With her strong background in technology, investment operations and business strategy, Liz is well-positioned to work with all of TCWs investment teams and associated departments to help lead us into the future and continue the Firms strong growth trajectory. Prior to PIMCO, Ms. Kraninger was Partner and Owner of Kraninger Consulting and Partner and Owner of Techmoney LLC, where she specialized in the implementation of a highly customized global platform for clients. She began her career at Accenture as a technology and business analyst lead for large scale technology deployments for Fortune 500 pharma and biotech companies. Ms. Kraninger earned her Bachelor of Science in biology from the University of California Los Angeles. She is active in the Orange County community and was a top fundraiser in the area for Cycle for Survival from 2015 to 2020. About The TCW Group TCW is a leading global asset management firm with a broad range of products across fixed income, equities, emerging markets and alternative investments. With half a century of investment experience, TCW today manages approximately $250 billion in client assets. Through the MetWest Funds and TCW Funds families, TCW manages one of the largest mutual fund complexes in the U.S. TCWs clients include many of the worlds largest corporate and public pension plans, financial institutions, endowments and foundations, as well as financial advisors and high net worth individuals. For more information, please visit www.tcw.com.

Answer: TCW Welcomes Liz Kraninger as Chief Operating Officer PIMCO Veteran Brings Deep Experience Across Technology, Investment Operations and Business Strategy