MutualFundWire.com: Legg Mason Appoints a Former Big Four Partner to its Board

MutualFundWire.com

The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication

Wednesday, June 10, 2009

Legg Mason Appoints a Former Big Four Partner to its Board

Legg Mason has tapped former Deloitte & Touche partner Barry Huff as one of its directors. It was not immediately clear how many directors currently sit on Legg's board.

Huff has been a little more than a year out of Deloitte, having left the global accounting firm in May 2008. He devoted 40 years to Deloitte and the industry, taking on multiple roles of advising clients on auditing, accounting, risk management and corporate governance.

Company Press Release

BALTIMORE, June 9 /PRNewswire-FirstCall/ -- Legg Mason, Inc. (NYSE: LM - News) announced today that Barry W. Huff has been elected to its Board of Directors. He was also elected to the firm's audit committee.

Mr. Huff retired as a partner of Deloitte, a global audit, tax, consulting and financial advisory firm, in May 2008. He spent more than 40 years at Deloitte and predecessor firms, advising clients around the globe on various issues related to audits, accounting, risk management and corporate governance. He was a member of Deloitte & Touche's Board of Directors from 1987 to 1996. From 1995 to 2008, he was a Vice Chairman in the Office of the CEO, with responsibility for generating thought leadership regarding the firm's services as well as for overseeing the firm's key client relationships.

Mark R. Fetting, Chairman and CEO of Legg Mason said, "Barry Huff has significant experience in advising corporations with operations around the globe and in providing independent, objective advice to managements and audit committees. This expertise will be an invaluable addition to the Board and to the audit committee."

About Legg Mason

Legg Mason is a global asset management firm, with $632 billion in assets under management as of March 31, 2009. The Company provides active asset management in many major investment centers throughout the world. Legg Mason is headquartered in Baltimore, Maryland, and its common stock is listed on the New York Stock Exchange (symbol: LM).