Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Scheve to Depart from Legg Mason Not Rated 3.0 Email Routing List Email & Route  Print Print
Friday, June 1, 2007

Scheve to Depart from Legg Mason

News summary by MFWire's editors

Raymond A. "Chip" Mason, Legg Mason's chairman, president and chief executive officer , will take over the duties of Timothy C. Scheve, senior executive vice president and chief administrative officer, who is leaving the company. Scheve will become president and chief executive officer at Janney Montgomery Scott effective August 1.


Legg Mason, Inc. (NYSE: LM - News) announced today that Timothy C. Scheve, Senior Executive Vice President and Chief Administrative Officer, having helped guide the firm through the integration of the asset management business acquired from Citigroup in December 2005, will leave the firm. Upon his departure, the administrative units that previously reported to Mr. Scheve will report to Raymond A. "Chip" Mason, Legg Mason's Chairman, President and Chief Executive Officer.

In announcing the change, Mr. Mason commented, "Tim has had a distinguished 23-year career with us. Most notably, in 2003, he was appointed President and CEO of Legg Mason Wood Walker until its sale to Citigroup/SmithBarney in 2005. At the time of the Citigroup transaction, Tim agreed to stay with Legg Mason to help guide us through the important transition period when we integrated Citigroup Asset Management into our operations. Having successfully fulfilled that mission, Tim is now pursuing his longstanding interest to lead a securities brokerage firm."

Mr. Scheve noted, "Leaving Legg Mason is the most difficult professional decision I have ever made. This is a great firm, with tremendous people and a strong team, and my years here have been rewarding. Now that the transition is successfully behind us, I felt the time was right for me to take on this new challenge."

Mr. Scheve will remain with Legg Mason until he assumes his new role as President and Chief Executive Officer of Janney Montgomery Scott LLC, a Philadelphia-based securities brokerage firm, on or about August 1, 2007.

About Legg Mason

Legg Mason is a global asset management firm, with approximately $969 billion in assets under management as of March 31, 2007. The company provides active asset management in many major investment centers throughout the world. Legg Mason is headquartered in Baltimore, Maryland, and its common stock is listed on the New York Stock Exchange (symbol: LM).  

Edited by: Erin Kello


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

3.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2025: Q3Q2Q1
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly


    Sorry, no records in the database matched your search parameters. Clich back and try again.



  1. Nicsa webinar - New research by Alex Edmans and the Diversity Project - The Power of diverse thinking: How the best teams make decisions, July 1
  2. MFDF Director Discussion Series - Open Forum, July 9
  3. MFDF webinar - Mid-Year Tax Update for Registered Investment Companies, July 10
  4. MFDF Director Discussion Series - Open Forum (Philadelphia), July 15
  5. 2025 MMI Women in Advisory Solutions Forum, Jul 15-16
  6. Nicsa webinar - How Trusted GenAI is Transforming Data Access in Asset Management, July 16
  7. MFDF webinar - M&A and Consolidation in Asset Management, July 16
  8. MFDF webinar - ETF Conversions, July 17
  9. MFDF Director Discussion Series - Open Forum (New York), July 22
  10. MFDF Ask Anything webinar - AI Edition, July 24
  11. MFDF webinar - Use of Derivatives by RICs, July 29
  12. MFDF Director Discussion Series - Open Forum (Columbus, Ohio), August 20
  13. Samfund Soiree Boston 2025, August 21
  14. MFDF webinar - The Audit Committee Chair's Guide to Balancing Duties and Emerging Issues, September 3
  15. ICI ETF Conference, Sep 8-10
  16. Nicsa webinar - Reimagining Reconciliation: AI, Regulation, and Capital Markets Transformation, September 10
  17. MFDF webinar - Series Trust Funds - Compliance and Board Reporting, September 10
  18. MFDF In Focus - Board Oversight of DEI in Current Landscape, September 11
  19. MFDF webinar - MFDF 15(c) White Paper Webinar Series: Part 4 – Enforcement Action Takeaways, September 16
  20. MFDF webinar - Latest in Closed-End Funds Litigations, September 23
  21. MFDF webinar - Fixed Income Insights: Navigating Market Trends & Opportunities, September 24
  22. MFDF webinar - Risk Management Essentials for RICs and Boards, September 29
  23. MFDF webinar - Diligent - Tools for Fund Board Book, October 1
  24. 10th annual Fuse Forum, October 8
  25. MFDF webinar - Essential Strategies in Board Oversight of Operational Risk Management, October 14
  26. 2025 MMI Annual Conference, Oct 15-17




©All rights reserved to InvestmentWires, Inc. 1997-2025
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use