Legg Mason realigns senior management team

Executive David Odenath to leave end of the year

December 20, 2010|By Hanah Cho, The Baltimore Sun

Legg Mason Inc. announced Monday management changes intended to help the Baltimore money manager focus on three areas for growth.

Meanwhile, David R. Odenath, who headed the company's Americas businesses, will leave Legg at the end of the year to pursue other opportunities, the firm said.

Legg Chairman and Chief Executive Mark R. Fetting realigned its senior leadership structure to oversee three areas: global distribution, global investment managers, and mergers and acquisitions and business development.

Joseph A. Sullivan, Legg's chief administrative officer, will oversee global distribution. Ronald R. Dewhurst, who headed Legg's international business, will work with the company's investment subsidiaries. And Jeffery A. Nattans will head the firm's mergers and acquisitions opportunities.

Peter H. Nachtwey, who recently joined Legg as its chief financial officer, will also oversee administrative areas at the firm's corporate headquarters.

Also, Thomas P. Lemke, Legg's general counsel, will join the company's executive committee, the company said.


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