100 International Drive |
Baltimore, MD 21202
Main Phone: 800-451-2010
Mutual Fund Brand(s)
Legg Mason Funds & Western Asset Funds & LM Funds & Citifunds Trust
Stock Data: SEC Filings | Yahoo! Quote
SEC Fund Filings by CIK
Founded as a broker-dealer in 1899, Legg Mason is now primarily an asset management firm with global operations. |
In 2005 it swapped its remaining brokerage business, including its Private Client and Capital Markets business, to CitiGroup in exchange for Citi Asset Management.
Mark R. Fetting, a "non-family" chief, succeeded co-founder Raymond A. "Chip" Mason as CEO in 2008. Fetting is the first non-Mason to take the reins. Then in September 2012 Legg announced that Fetting would step down on October 1.
The firm's asset management subsidiaries (and the year acquired) include:
Legg Mason Capital Management, Baltimore Western Asset Management, Pasadena, CA (1986) Brandywine Global, Philadelphia (1986) Batterymarch Financial Management, Boston (1995) Royce & Associates (2001) ClearBridge Advisors, New York (2005) The Permal Group, New York (2005)
On November 17, 2011, the firm announced that legendary PM Bill Miller was relinquishing his post as PM of the Legg Mason Capital Management Value Equity strategy to Sam Peters, effective in April 2012.
Mark Fetting stepped down from his post as chief executive officer and chairman in October 2012.
After serving as Fetting's interim replacement, Joseph Sullivan was named permanent CEO in February 2013.
Sullivan has since led a comprehensive reorganization of Legg, instituting a number of changes in its C-suite, including the hiring of executive vice president and dead of business development Thomas Hoops, and acquisitions of the New York-based institutional shop QS Investors and the London-based fund of hedge funds firm Fauchier Partners.
Co-heads of sales Francis Cashman and Jeff Mason are currently leading an evolution of Legg's sales and distribution organization.
As of March 31, 2014, Legg had $701.8 billion in assets under management.
CEO, President and Chairman, Legg Mason
Chairman, Chief Investment Officer, LMM (dba Miller Value Partners)
Managing Director Head of Global Marketing / Head of US Retail Distribution , Legg Mason, Inc.
Chief Financial Officer, Legg Mason
General Counsel, Legg Mason
Head of M&A, Business Development, Legg Mason
Head of US Product Marketing, Legg Mason
Managing Director, Co-Head of U.S. Sales , Legg Mason
Managing Director, Co-Head of U.S. Sales, Legg Mason Investment Counsel
Chief Adminstrative Officer, Legg Mason
Director, Head of Retirement Sales, "Retirement Solutions", Legg Mason & Co., Inc.
Non-Executive Chairman, Legg Mason