Legg Mason has appointed Regina Curry as chief diversity officer, as part of plans to boost its diversity initiative across the company.
Curry joins from McCormick & Company, where she worked as senior director of global diversity & inclusion.
In this role she developed and implemented a multi-year global diversity and inclusion strategy, and established a firm-wide metrics framework to drive accountability.
The hire is the latest move in Legg Mason's bid to enhance diversity and inclusion initiatives across the group. It comes after chairman and CEO Joe Sullivan signed the CEO Action for Diversity & Inclusion pledge last year.
In November, Legg Mason hosted its first "Day of Conversation" across its global offices to promote open dialogue and an exchange of ideas and understanding of different perspectives.
Two of the group's affiliates with leading ESG platforms also praised the news of Curry's appointment.
Mary Jane McQuillen, portfolio manager and head of ESG investment at ClearBridge Investments, said: "ClearBridge believes businesses benefit from understanding diverse perspectives; we are delighted our parent company continues to take steps to ensure many voices have an impact at Legg Mason."
Meanwhile David Sheasby, head of stewardship and ESG at Martin Currie, added: "Diversity is one of the key attributes that we will look for in an organisation.
"With diversity comes diversity of experience and perspective, which not only helps avoid group-think and improve management of risk, but recent research shows that it can also contribute positively to financial returns."