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Legg Mason, Inc. (NYSE: LM) is an American-based
global investment management firm with a focus on asset management. The
company's business is divided in two divisions: Americas and International.
Legg Mason offers products in equities and fixed income, as well as domestic
and international liquidity management and alternative investments (via a
funds-of-hedge-funds manager).
Founded in 1899 as a brokerage firm in Baltimore,
Maryland, Legg Mason has since become the 18th largest asset manager in the
world, serving individual and institutional investors on five continents. As of
September 30, 2012, Legg Mason's assets under management aggregated to $651
billion.
Legg Mason operates using a multi-manager business
model : each of the company’s subsidiaries, which form a diverse group of asset
managers, specializes in a segment of the asset management industry and
operates with investment autonomy. Legg Mason provides global distribution and
invests in growth through core strategic services including capital allocation
for product development, investing in our existing affiliates and making new
acquisitions.
Type Public (NYSE: LM)
Industry Asset management
Founded
1899
Headquarters
Baltimore, Maryland, United States
Key people
Joseph Sullivan,
Chairman & Chief Executive Officer (interim)
Ronald R. Dewhurst,
Head of Global Investment Managers
Peter "Pete" H. Nachtwey,
Chief Financial Officer
Jeffrey A. Nattans,
Head of M&A and Business Development
Joseph A. Sullivan,
Head of Global Distribution
Thomas P. Lemke,
General Counsel
Products
Asset Management
AUM
US$651 billion (as of 30 September 2012)
Employees
3,100
Website
leggmason.com
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