Peter Bain is saying goodbye to Legg Mason. A spokeswoman for the asset manager confirmed that Bain, senior vice president of affiliate management and corporate strategy The Baltimore Sun's Hanah Cho first reported on the move.

"We thank him for his nine years of dedicated service to the firm," the spokeswoman stated. "His responsibilities for Affiliate Management and Corporate Strategy will be distributed among the current leadership team."

A spokeswoman for Legg told Cho that Bain will pursue "personal interests" after he leaves. 

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