Legg Mason appoints new sales director
Legg Mason has appointed Justin Nunan as its new institutional sales director, in a move to boost the firm’s Australian institutional sales team.
Nunan, who has extensive knowledge of the Australian superannuation sector, joined from Media Super where he was investment manager, responsible for managing approximately $5 billion of assets.
Prior to this, he was the head of treasury at ME Bank.
Legg Mason’s managing director, Andy Sowerby, said: “We are delighted to have Justin join our team.
“We are very impressed with his strong investment credentials and the extensive experience he brings to the table – a unique mix of sales, investment management and a thorough understanding of complex financial issues.”
Legg Mason has currently $962 billion in funds under management (FUM) globally.
“I see Legg Mason as offering something particularly unique with proven capabilities across all major asset classes including through leading investment managers such as Clarion Partners, Brandywine Global, Entrust Permal and QS Investors,” Nunan said.
According to FE Analytics, Brandywine Global Fixed Income Trust delivered annualised return of 3.54 per cent for three-year period to 31 October.
AUTHOR
Oksana Patron
Recommended for you
Perpetual Asset Management has launched its inaugural fixed income and credit active ETF, cashing in on the recent boom in the asset class.
Innovations in artificial intelligence are continuing apace with China leading global development, according to Betashares investment strategist Hugh Lam.
Funds under management at Pinnacle Investment Management are approaching $180 billion, helped by a substantial jump in FUM from its overseas affiliates.
Warakirri Asset Management has partnered with US-based investment manager ClariVest to give Australian retail and wholesale investors access to the firm’s global small companies strategy.
