Baltimore-based Legg Mason has restructured its U.S. sales group, MutualFundWire reports. As part of the overhaul at the asset manager, a total of 23 employees have left the firm.
As a part of the restructuring, Legg Mason will also hire some executives, which will higher than the number of people whose posts were eliminated. The new sales team of around 15-25 will be led by Fran Cashman, who was previously working with Legg Mason Investment Counsel.
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