Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Legg Mason's Sullivan Talks Deals Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, June 03, 2013

Legg Mason's Sullivan Talks Deals

News summary by MFWire's editors

If you run an equity shop that invests in non-U.S. assets, Legg Mason's Joe Sullivan just might be calling you. The Financial Times reports that the Sullivan plans to buy a non-U.S. equity shop to plug holes in exposure, draw in more investors and reverse outflows.

“[Finding] a quality non-US equity firm [will be] a game changer for us,” the FT's Madison Marriage quotes him as saying.

Madison adds that Sullivan also said that Legg "does not currently have 'a compelling line-up of non-US equity products'," even though several affiliates already offer such products.

“We can do so much more and the key to that is adding products in the non-US equity space. We want more of our revenue and more of our business to come from equities," Sullivan told the Financial Times.

Further, Sullivan also wants to develop Legg's retail investor base, which FT says accounts for roughly a third of the firm's clients.

Read more in the Financial Times article

Edited by: Tommy Fernandez


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2018: Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2018
40 Wall Street | 28th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use