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Article: Hirschmann named president of Baltimore-based Legg Mason: Hirschmann to follow 'Chip' Mason at money management firm.
- Article from:
- The Baltimore Sun (Baltimore, MD)
- Article date:
- March 24, 2006
CopyrightCOPYRIGHT 2006 The Baltimore Sun. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Laura Smitherman
Mar. 24--Legg Mason Inc. announced yesterday the election of James W. Hirschmann as president, making him the heir apparent to Raymond A. "Chip" Mason, who built the Baltimore firm that bears his name from a regional stockbroker to the fifth-largest money manager in the world.
Hirschmann, 45, has been with Western Asset Management since 1989, three years after Legg Mason bought the fixed-income firm in its first acquisition of another money manager. Since then, Western has grown into a major force in bond investing as Legg has become a major player in the investment business, recently doubling the assets it manages on behalf ...