Legg Mason CEO Mark Fetting moves beyond SIV debacle

Dec 7, 2009

Mark Fetting has revamped the corporate structure, boosted risk management, and is now looking how to grow Legg Mason, including acquisitions in emerging-market equities.

Legg Mason Global Asset Management, which as of September managed $703 billion of assets, has not had a 'good crisis', but its CEO, Mark Fetting, says the firm has taken the necessary steps to get back on track and is looking to deploy a war chest of $1 billion to grow its footprint in Asia.

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