Legg Mason expands investment team

In an effort to further grow its Australian distribution and asset management capabilities, Legg Mason Asset Management has expanded its investment team.

Patrick Potts has joined Legg Mason’s Australian equities team as an equity research analyst, while Peter Adaley has joined as senior business development manager.

Adaley’s role will be to promote the company’s affiliate asset managers to the platform market in Australia. Based in Sydney, Adaley will be responsible for the New South Wales and Queensland markets. Prior to this role he held senior roles in product and business development at ING Australia.

Potts has assumed responsibility for fundamental research into the health care sector. Most recently, Potts co-managed boutique investment fund Emerging Growth Capital Investors, which focused on small capitalised biotechnology and healthcare companies.

According to Legg Mason head of acting business Annalisa Clark, the appointments follow several recent hires in business development, marketing and client services.