Legg Mason

For the tennis competition formerly sponsored by the company, see Citi Open.
Legg Mason
Public
Traded as NYSE: LM
S&P 400 Component[1]
Industry Asset management
Founded 1899
Headquarters Baltimore, United States
Key people
 Joseph Sullivan,
President & Chief Executive Officer
Peter "Pete" H. Nachtwey,
Chief Financial Officer
Terence Johnson,
Head of Global Distribution
Ursula Schliessler,
Chief Administrative Officer
Thomas Merchant,
General Counsel
Thomas K. Hoops, Head of Business Development
Products Asset Management
AUM US$757 billion (as of 31 July 2016)
Number of employees
 3,400
Website leggmason.com
Legg Mason Headquarters in Baltimore

Legg Mason, Inc. (NYSE: LM) is an American investment management firm with a focus on asset management and serves customers worldwide. 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 20th largest asset manager in the world, serving individual and institutional investors on six continents. As of July 31, 2016, Legg Mason's assets under management aggregated to $757 billion.[2]

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.[3] 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.

History

Introduction

Legg Mason's roots can be traced to the founding of two brokerage firms: the first, Mackubin & Company (later Legg & Company), was founded in Baltimore by George Mackubin in 1899. The second, Mason & Company, was founded in Newport News, Virginia, by Raymond A. Mason in 1962. In 1970, the two firms merged to become Legg Mason & Company, basing its headquarters in Baltimore.

Timeline

Management[4]

Business overview

Legg Mason acts through its subsidiaries to provide investment management and related services to its clients, which include institutions as well as individuals. Under the company's multi-manager model, each subsidiary operates with investment autonomy, following its own investment philosophy and implementing its own process.

List of Investment Affiliates

Brandywine Global

Clarion Partners

ClearBridge Investments

Martin Currie

The Permal Group

QS Investors

RARE Infrastructure

Royce & Associates

Western Asset Management

Environment

In addition to providing its employees with environment-related volunteering opportunities, Legg Mason also implements several corporate ESG initiatives,[5] such as:

Headquarters

Legg Mason's headquarters are located in the 100 International Drive building in Baltimore, Maryland, and were formerly located at 100 Light Street in Baltimore, Maryland.

For the current headquarters at 100 International Dr., see Legg Mason Tower.
For the 100 Light St. former headquarters, see Transamerica Tower (Baltimore).

References

  1. ↑ "Mid-America Apartment Communities, AmSurg to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600" (PDF).
  2. ↑ "Legg Mason Corporate Overview"
  3. ↑ "Legg Mason Annual Report"
  4. ↑ "Legg Mason Management Team".
  5. ↑ “Legg Mason Corporate Responsibility Report”

External links

This article is issued from Wikipedia - version of the 12/4/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.