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Wednesday, March 06, 2013

Legg's New Chief Looks to Decrease the Complexity

News summary by MFWire's editors

Legg Mason [profile] could see some reductions in both fund offerings and office space, according to a Reuters report.

The firm's executives don't expect to see a full-scale cost cutting moves like happened in 2010, wrote Reuters reporter Ross Kerber.

That round of cuts saw Legg Mason's employee force cut from 1,800 to 1,000.

The Baltimore-based firm is looking to ""decrease the complexity of our fund complex," CFO Pete Nachtwey said at a conference this week.

For more details, check out the original article here

Edited by: Ben Geier


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