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Article: Legg Mason Realigns Senior Management Responsibilities.
- Article from:
- PR Newswire
- Article date:
- June 28, 2006
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Structure Reflects New Business Mix
BALTIMORE, June 28 /PRNewswire-FirstCall/ -- Legg Mason announced today that it has realigned its organizational structure and the responsibilities of its senior management team. In late 2005, the Company completed a strategic transaction with Citigroup in which it swapped its securities brokerage and capital markets business for Citigroup Asset Management. With approximately $868 billion in assets under management around the world as of March 31, 2006, all of Legg Mason's operations now are devoted to asset management.
Reflecting the integration and strategic rationalization of the acquired businesses that the ...