Hints and tips:
...Mark Cho moved to Martin Currie in January as head of intermediary distribution in the Americas from his previous role as analyst relations manager on the retail national accounts team at Legg Mason....
...Joe Sullivan’s total pay fell 13 per cent to $8.7m in his last full year as CEO at Legg Mason, which was recently acquired for $4.5bn by Franklin Templeton....
...US activist Nelson Peltz supported Franklin’s $6.5bn purchase of Legg Mason this week, for example....
...Franklin Templeton on Tuesday chose to do the former when it announced that it would buy Legg Mason for $6.5bn, including debt....
...US asset manager Franklin Templeton has agreed to buy rival Legg Mason for $6.5bn including debt, the latest in a series of deals between midsize companies struggling to adapt to competition from passive...
...These days the head of Trian Fund Management may be a prime agitator for multibillion-dollar deals — such as Franklin Templeton’s $6.5bn acquisition of rival Legg Mason this week — but he was relatively...
...Franklin Resources is buying Legg Mason, the WSJ reveals, as asset managers continue to seek the kind of defensive mergers that make the author look a right idiot. ... Glencore results are okay. ......
...William Stromberg of Baltimore-based T Rowe Price, and Joe Sullivan of Legg Mason are other top executives that enjoyed eye-catching pay increases....
...Take the death of Maplin and Toys R Us in the UK this week as a case in point....
..., Emerald Life 40 Jim Herbert chief development officer EMEA, Aon 41 Andy Milnes CEO, BP Singapore Pte Ltd 42 Janine Chidlow managing director EMEA & AMER, Resource Solutions 43 Annette King CEO, Ogilvy...
...Joe Sullivan, chief executive of Baltimore-based Legg Mason, predicts that retail and institutional investor specialists could merge, while managers with a US focus could acquire those with big overseas...
...• Mark Whitehead has moved to Martin Currie as head of equity income, a newly created role. Mr Whitehead joins the investment affiliate of Legg Mason from Sarasin and Partners....
...While the likes of Franklin Templeton’s Gregory Johnson and Legg Mason’s Joe Sullivan saw their total pay increase by nearly a third last year, to $15.9m and $9.5m respectively, their biggest UK-based competitors...
...While his predecessor, Mark Fetting, is best remembered for aggressive cost cutting and a falling share price, Mr Sullivan wants to be known as a comeback king....
...Mr Sullivan has been acting as interim chief executive since Mark Fetting stepped down in October, and his appointment had been expected by analysts and investors....
...Mark Fetting is to step down as chief executive of Legg Mason, the asset manager under pressure from activist investor Nelson Peltz to halt client withdrawals that have persisted for five years....
...In the latter, out of 23 investee companies, investors succeeded in removing 12, with US activist investor Nelson Pelz and Trian Fund Management’s removal of Mark Fetting, Legg Mason’s chief executive, among...
...Among the best gainers on Tuesday was Legg Mason , with its shares jumping 5.4 per cent to $26.85 after the company said Mark Fetting, its current chairman and chief executive, would step down....
...Mark Fetting, chairman and chief executive, said: “We are pleased to announce this plan as part of our broader efforts to enhance financial flexibility and position Legg Mason for sustained growth.”...
...Mark Fetting is chief executive officer of Legg Mason...
...CEO of Legg Mason....
...One such is Mark Fetting, chief executive of Legg Mason, who has recently embarked on a demanding perpetual schedule of international travel as part of his determination to turn the US investment manager...
...Chrystia Freeland, US managing editor, interviewed Mark Fettting, chairman and chief executive of Legg Mason, about the Nelson Peltz joining the Legg Mason board....
...Part 1, December 10 2009: Mark Fetting, chairman and chief executive of Legg Mason, talks to Chrystia Freeland, US managing editor, about the Nelson Peltz joining the Legg Mason board....
...Part 3, December 10 2009: Mark Fetting, chairman and chief executive of Legg Mason, talks to Chrystia Freeland, US managing editor, about criticism towards Wall Street and the possibility of more bank-like...
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