The Australian business of multiaffiliate funds manager Legg Mason has made two appointments to its investment and distribution teams.

Peter Adaley joined last week from ING Australia as a senior business development manager and will be responsible for promoting Legg Mason and its affiliates to platform providers nationally, Anthony Pesutto, the firm’s marketing manager, said. Responsibilities for Queensland and NSW would also be part of the Sydney-based BDM’s brief, Pesutto added. Adaley formerly held product and business development roles at ING Australia. Meanwhile the firm’s Australian equities team recently gained an analyst after Patrick Potts joined from small-cap biotechnology and health care manager Emerging Growth Capital. His initial responsibility at Legg Mason was coverage of the health care sector, Pesutto said. Annalisa Clark, the acting business head of Legg Mason, said the hires were important to the firm’s “business and investment structure”. The firm began advertising last week to replace its former domestic head of distribution, Kimon Kouryialas, who left to open the Australian office of global equities manager Martin Currie in May. Near the time of the Kouryialas’ exit, a retail BDM with Legg Mason, Mary Curtin, left the business to join DWS Investments, the global retail funds management arm of Deutsche Bank, as account manager for the Queensland and NSW regions, reporting to head of the business Chris Larsen.

Leave a comment