Matt Stovold has been appointed by Legg Mason to lead the newly opened Sydney office.
Mr Stovold will report to head of sales Beau Titchkosky, and will have responsibility for key partner relationship management across NSW and Queensland.
He was recently managing director at UBS Wealth Management (prior to its spin-off and rebrand as Crestone) and, before that, head of advice at JBWere Private Wealth Management.
Mr Titchkosky said, "With demonstrated results-driven success in his previous roles, Matt is perfectly placed to lead the development of our retail business across key regions.
"A proven team player, his deep understanding of the goals and objectives of the Australian funds management sector as well as his strong business acumen will be a significant asset to our clients, partners and team."
Legg Mason country head Andy Sowerby said, "The opening of our new Sydney office and the appointment of Matt Stovold reinforces our commitment to the market.
"In recent months we have made significant enhancements to our business including the broadening of our fixed income product set, increased advertising to raise awareness of our multi-affiliate investment offering and the appointment of Felicity Nicholson to lead our marketing team."
Read more:
Australian institutions warming to ETFs
New ASIC guidance released for REs
HHV shareholders advised to reject WAM offer
Government closes client money loophole
Willis Towers Watson acquires actuarial business
