WMI PR Head Gone = Deal?
Legg Mason Appoints Alan F. Magleby as Head of Investor Relations and Corporate Communications
4:08 p.m. 03/16/2009 Provided by
BALTIMORE, March 16 /PRNewswire-FirstCall/ -- Legg Mason, Inc. (LM) today announced the appointment of Alan F. Magleby as Managing Director, Head of Investor Relations and Corporate Communications. In this role, Mr. Magleby will have responsibility for all aspects of the Company's relationships with analysts and investors, as well as for corporate communications to all of the Company's many audiences including shareholders, industry and trade media, opinion leaders and others. He will report to Joseph A. Sullivan, Chief Administrative Officer.
Mr. Magleby joins Legg Mason (LM) from Washington Mutual (WAMUQ), where he has served as Senior Vice President, Investor Relations since 2004. At Washington Mutual (WAMUQ), Mr. Magleby played a key role in the successful integration of Providian Financial in 2005 and was instrumental in elevating the firm's profile as a national retail bank among sell-side analysts and buy-side investors. Prior to Washington Mutual (WAMUQ), Mr. Magleby held a number of leadership positions at JP Morgan Chase & Co., including Deputy Director of Investor Relations, Chief Financial Officer, Investment Banking Coverage and M&A, and Chief Financial Officer, Asia Pacific, for Chase Manhattan Bank and Chemical Bank. He holds a B.S. in Accounting from Kings College.
Mr. Sullivan commented, "Alan has broad and deep experience in investor relations and corporate communications across the financial sector. With a strong strategic orientation and insight into how analysts, investors and other key audiences view financial companies, Alan will help us to coordinate our financial and corporate communications and to work with our teams to tell our story with maximum impact."
Mr. Magleby said, "I am very excited to join Legg Mason (LM) at this time. The Company has always been recognized for the quality of its management and for its strong reputation among the financial community. While the markets remain challenging for all participants, Legg Mason (LM) continues to be a leader in global asset management and I am energized by the opportunity to tell the Legg Mason (LM) story to its many stakeholders."
About Legg Mason (LM)
Legg Mason (LM) is a global asset management firm, with $698 billion in assets under management as of December 31, 2008. The Company provides active asset management in many major investment centers throughout the world. Legg Mason (LM) is headquartered in Baltimore, Maryland, and its common stock is listed on the New York Stock Exchange .
SOURCE Legg Mason, Inc. (LM)
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