Legg Mason
 |
|
| Public | |
| Traded as | : LM S&P 400 Component |
| Industry | Asset management |
| Founded | 1899 |
| Headquarters | Baltimore, United States |
|
Key people
|
Joseph Sullivan (Chairman of the Board, President, CEO) |
| Products | Asset Management |
| Revenue |
 $2.66 bln (2015) |
|
$50.831 mln (2015) |
|
|
$-32.91 mln (2015) |
|
| AUM | US$757 billion (as of 31 July 2016) |
| Total assets |
 $7.52 bln (2015) |
| Total equity |
$4.214 bln (2015) |
|
Number of employees
|
3,066 (2015) |
| Website | leggmason.com |
Legg Mason, Inc. (: LM) is an American investment management firm with a focus on asset management and serves customers worldwide. Legg Mason offers products in equities and fixed income, as well as domestic and international liquidity management and alternative investments (via a funds-of-hedge-funds manager).
Founded in 1899 as a brokerage firm in Baltimore, Maryland, Legg Mason has since become the 20th largest asset manager in the world, serving individual and institutional investors on six continents. As of July 31, 2016, Legg Mason's assets under management aggregated to $757 billion.
Legg Mason operates using a multi-manager business model: each of the company’s subsidiaries, which form a diverse group of asset managers, specializes in a segment of the asset management industry and operates with investment autonomy. Legg Mason provides global distribution and invests in growth through core strategic services including capital allocation for product development, investing in our existing affiliates and making new acquisitions.
Legg Mason's roots can be traced to the founding of two brokerage firms: the first, Mackubin & Company (later Legg & Company), was founded in Baltimore by George Mackubin in 1899. The second, Mason & Company, was founded in Newport News, Virginia, by Raymond A. Mason in 1962. In 1970, the two firms merged to become Legg Mason & Company, basing its headquarters in Baltimore.
Legg Mason acts through its subsidiaries to provide investment management and related services to its clients, which include institutions as well as individuals. Under the company's multi-manager model, each subsidiary operates with investment autonomy, following its own investment philosophy and implementing its own process.
In addition to providing its employees with environment-related volunteering opportunities, Legg Mason also implements several corporate ESG initiatives, such as:
Legg Mason's headquarters are located in the 100 International Drive building in Baltimore, Maryland, and were formerly located at 100 Light Street in Baltimore, Maryland.
Light Street Former Legg Mason Building
Pratt Street Former Legg Mason Building
Redwood Street Former Legg Mason Building
Legg Mason Headquarters in Baltimore, Maryland since 2009
...
Wikipedia