Legg Mason appoints head of international asset managment - Baltimore Business Journal:

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Fetting can check one thing offhis list. On Monday, Legg namefd Ronald R. Dewhurst head of internationaklasset management. Dewhurst will join Legg (NYSE: LM) Feb. 11, workinfg from offices in Londonand Melbourne, He will work with Legg's investmentf and distribution units in Asia and the Americas. From 2004 to 2007, Dewhurst was CEO of , an Australiann money manager. Before that, he spent abour 10 years working in international money managemenfor J.P. Morgan, including as head of Asianb equities in Hong Kong and head of European equitiesin London. In a news release, Dewhursgt called Legg "a highly respected firm that is established in keyglobap markets, but that has room to grow.
" As Fetting takeas over as CEO, Legg Mason, one of the world'd largest money managers, faces some challenges to its It recently sold $1.3 billion in bondsw to private equity firm to shore up its balance sheetg after pouring money into investments that took a hit from the subprime-mortgager crisis. Legg has nearly $1 trillion in assetsd under management.