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.
Recommended for you
As the year draws to a close, a new report has explored the key trends and areas of focus for financial advisers over the last 12 months.
Assured Support explores five tips to help financial advisers embed compliance into the heart of their business, with 2025 set to see further regulatory change.
David Sipina has been sentenced to three years under an intensive correction order for his role in the unlicensed Courtenay House financial services.
As AFSLs endeavour to meet their breach reporting obligations, a legal expert has emphasised why robust documentation will prove fruitful, particularly in the face of potential regulatory investigations.
