Legg Mason restructures distribution model, hires BDM
Legg Mason has restructured its distribution, client service and marketing functions in order to focus more of the fund manager's efforts on institutional and intermediary markets.
As part of the restructure, the fund manager has appointed Nathan Masalski as business development manager (BDM), based in Melbourne.
While Legg Mason's BDMs have been traditionally focussed on retail, institutional and platform responsibilities, managers will now manage holistic client relationships across different operational segments, the fund manager stated.
"Nathan's appointment reflects a new direction in Legg Mason's Australian distribution strategy that focuses on servicing select key clients in high-quality relationships," Legg Mason Australia head of sales Beau Titchkosky said.
Masalski joins Legg Mason from AllianceBernstein, where he was a client relationship manager. Before that, he worked in client relationship and portfolio-analysis roles at HSBC Asset Management, Henderson Asset Management and UniSuper.
The fund manager is looking to hire another BDM to complete its distribution team, as well as a marketing manager.
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