Legg Mason Australia appoints new head
Martin Currie senior staffer, Andy Sowerby, has been appointed as the new head of Legg Mason Australia, effective 8 August 2016.
The company announced Sowerby's appointment today, noting that he had worked for Legg Mason affiliate, Martin Currie, as executive director for sales, marketing and client service for the past 11 years.
With $968 billion of assets under management globally, Legg Mason has a $35 billion footprint in Australia that includes investments in pooled funds and mandates with affiliated fund managers such as Martin Currie, Western Asset, Brandywine Global and EnTrustPermal.
The company said that Sowerby would manage the local funds business that included the responsible entity, sales, marketing and client service groups.
Sowerby has relocated to Melbourne from Edinburgh.
Confirming Sowerby's appointment, Legg Mason head of global distribution, Terry Johnson, said the company was delighted he had taken on the expanded role for Legg Mason.
"He is a proven leader, who was a critical part of building Martin Currie's business. He brings over 25 years' experience covering both retail and institutional markets which we believe, when combined with the existing depth of Legg Mason's local team, will serve our clients well in Australia," Johnson said.
Sowerby replaced former head of Australia, Annalisa Clark, who retired in July.
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