Legg Mason has hired Timothy F. Munoz as SVP and head of corporate marketing and communications. Munoz joins Legg from Prophet, a consulting firm, where he was a partner in the financial services practice. He replaces Paige Littleton, who is retiring after seventeen years with the firm, she will remain as a consultant to Legg.

Legg Mason has named Timothy F. Munoz as Senior Vice President, Head of Corporate Marketing and Communications. Mr. Munoz is responsible for supporting the firm's growth on a global basis, building strategic marketing capabilities and managing its corporate communications to key stakeholders. He is also heading the firm's corporate philanthropy, sponsorship and internal communications efforts.

Mr. Munoz joins Legg Mason from Prophet, the management consultancy, where he was a Partner in the financial services practice, specializing in asset management. Before Prophet, Mr. Munoz served as Vice President of Sales and Marketing at Comcast and as Managing Director of Consumer Markets at Verizon.

Mr. Munoz began his career in advertising at Young & Rubicam, where he managed multinational clients for the agency in the U.S., Latin America and Europe. He holds an A.B. cum laude in History from Brown University.

"I am pleased to welcome Tim to Legg Mason as we grow our business around the world and as a global leader in asset management," said Raymond A. "Chip" Mason, Legg Mason's Chairman. "Tim has worked with us over the past two years to help shape our global strategy and to define our capabilities, so he has a hands-on understanding of the firm and our unique business model. With his deep background in strategic marketing, and his skill as a communicator, he will be a meaningful asset for us as we chart our course for the future."

Mr. Munoz succeeds Paige Littleton, who is retiring after seventeen years with the firm, though she remains as a consultant to Legg Mason.

About Legg Mason

Legg Mason is a global asset management firm, with approximately $992 billion in assets under management as of June 30, 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 .

Edited by: Erin Kello

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