BALTIMORE, July 18 /PRNewswire-FirstCall/ -- Legg Mason Capital Management (LMCM), a subsidiary of Legg Mason, Inc. , announced today that Elizabeth Hughes has joined the firm as Senior Vice President, Director of Corporate Strategy. Most recently, Ms. Hughes was a Principal with McKinsey & Company working with asset management clients on strategy and business development.
Bill Miller, CEO of LMCM commented, "We are always looking for exceptional professionals who share our values, but finding them is rare. From the first time I met Elizabeth, I thought she would make an outstanding addition to the LMCM team. She brings extraordinary talent, experience and intensity, along with energy, enthusiasm and an evident joie de vivre. We couldn't be happier to have her on board."
Elizabeth Hughes said, "I am delighted to be joining the LMCM family. Since my introduction to Bill and LMCM, I have been impressed with the people, culture and success of the firm. I am grateful for the incomparable experiences I had over a decade serving clients at McKinsey. I look forward to continuing my career with a world-class asset manager."
Prior to joining LMCM, Ms. Hughes was a Principal at McKinsey & Company. Ms. Hughes joined McKinsey & Company in 1991 as a Business Analyst, and rejoined the firm in 1996 after attaining her MBA with highest honors from Harvard University, where she was a George F. Baker Scholar. Prior to her graduate work, Ms. Hughes was a private equity analyst with AEA Investors. Ms. Hughes has an A.B. magna cum laude in East Asian Studies and Government from Harvard College.
LMCM is a subsidiary of Legg Mason, Inc. The LMCM Investment Team provides investment advisory services for more than $51 billion* in mutual fund, pooled account and separate account assets.
Legg Mason, Inc., headquartered in Baltimore, is a holding company that provides asset management, securities brokerage, investment banking and related financial services through its subsidiaries.
*as of June 30, 2005
