Los Angeles-based money manager TCW Group said Monday that Chief Executive Robert D. Beyer would step down at the end of June as the company prepares to separate from its French parent.

TCW, parent of Trust Co. of the West, manages about $100 billion in stocks and bonds. The company has been majority-owned by French bank Societe Generale since 2001.

But in January, Societe adopted a restructuring plan that calls for TCW to be spun off in the next few years.

& #8226;

Read the full

Los Angeles Times

story.