MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, June 29, 2006 Firm Gets New Management to Match New Business Legg Mason has "realigned" its senior management team to accommodate the acquisition of Citigroup Asset Management, Legg announced Wednesday. The switch-around reflects the Baltimore-based firm's new identity as a purely asset management firm, now that Citigroup has acquired Legg's brokerage and capital markets divisions. Legg Mason will now include three units: Global Managed Investments, International Asset Management, and U.S. Asset Management. Mark Fetting, Timothy Scheve, and Peter Bain will oversee the three parts, respectively. Scheve also remains chief administrative officer. James Hirschmann, president of Legg Mason since May 1, called the restructuring a "logical step in a dynamic process." Printed from: MFWire.com/story.asp?s=12128 Copyright 2006, InvestmentWires, Inc. All Rights Reserved |