Legg Mason has announced a series of appointments to align its executive leadership team with the Company’s growth objectives.
The Board of Directors of Legg Mason has announced that it has appointed Joseph A. Sullivan President and Chief Executive Officer and a member of the Board of Directors, effective immediately.
Two internal candidates have emerged in Legg Mason Inc's search for its next chief executive, said people familiar with the matter.
Rochdale Securities is struggling to secure a deep-pocketed buyer three weeks after a former trader, identified as David Miller, saddled the firm with $1bn in 'unauthorized' Apple trades that it wasn’t able to cover.
Legg Mason has announced that Mark R. Fetting, Chairman and CEO, has decided to step down effective October 1, and will remain as a consultant to the company through year end.
Here's a few links to some interesting Bloomberg, Guardian and New York Times stories currently doing the rounds.
After running the Legg Mason Value Trust mutual fund for nearly 30 years, Bill Miller is stepping down at the end of April and will be succeeded by Sam Peters.
Mark Fetting, chief executive officer of Legg Mason Inc., talks about the Occupy Wall Street protests, client withdrawals and share buybacks.
Legg Mason is a diversified group of global asset management firms ('affiliates') who are recognized for their proven investment expertise and long-term performance.
The New York Post reports that John Paulson, the hedge fund manager who paid himself $3.7bn last year after that spectacular trade shorting the subprime market, lost some ground in July - although not much. The newspaper says that Paulson's six hedge funds fell about 3.7% over the month.
