Legg Mason names institutional sales director
UK – Legg Mason Investments has appointed Spencer Ahluwalia as director of institutional sales.
Ahluwalia was formerly with Mellon Global Investments, where he was assistant vice president for institutional sales and marketing, and focused on the distribution of Newton pooled funds in the UK.
In the newly created position, Ahluwalia will focus on developing institutional client relationships and marketing Legg Mason Investment’s range of equity funds to consultants across the UK and Europe.
The position was created as “part of Legg Mason Investments’ ongoing commitment to distributing its proprietary range of onshore and offshore mutual funds to the pan-European market”.
Ahluwalia will report to Paul Boughton, managing director of mutual funds (Europe).
Legg Mason Investments is the principal mutual fund distribution arm for Legg Mason outside North America. The company’s range of onshore and offshore funds has aggregate assets of approximately 2.6 billion dollars.