Word on the Street: Legg Mason international MD set for departure

Paul Boughton, international managing director at Legg Mason Investments, is to leave the firm at th...

Paul Boughton, international managing director at Legg Mason Investments, is to leave the firm at the beginning of next year. Previously managing director at the firm, Boughton took on the international title last November when parent group Legg Mason Inc purchased Citigroup’s global asset management arm. Currently the UK business is being reorganised ahead of the merger of the two group’s fund ranges and Terry Johnson, formerly of Citigroup Asset Management, has come on board to head up the sales team. Meanwhile, James Hirschmann has been elected president of Legg Mason Inc and will repla...