Legg Mason Names Head of Corporate Marketing and Communications

    BALTIMORE, Aug. 31 /CNW/ -- Legg Mason has named Timothy F. Munoz as
Senior Vice President, Head of Corporate Marketing and Communications. Mr.
Munoz is responsible for supporting the firm's growth on a global basis,
building strategic marketing capabilities and managing its corporate
communications to key stakeholders. He is also heading the firm's corporate
philanthropy, sponsorship and internal communications efforts.
    Mr. Munoz joins Legg Mason from Prophet, the management consultancy,
where he was a Partner in the financial services practice, specializing in
asset management. Before Prophet, Mr. Munoz served as Vice President of Sales
and Marketing at Comcast and as Managing Director of Consumer Markets at
    Mr. Munoz began his career in advertising at Young & Rubicam, where he
managed multinational clients for the agency in the U.S., Latin America and
Europe. He holds an A.B. cum laude in History from Brown University.
    "I am pleased to welcome Tim to Legg Mason as we grow our business around
the world and as a global leader in asset management," said Raymond A. "Chip"
Mason, Legg Mason's Chairman. "Tim has worked with us over the past two years
to help shape our global strategy and to define our capabilities, so he has a
hands-on understanding of the firm and our unique business model. With his
deep background in strategic marketing, and his skill as a communicator, he
will be a meaningful asset for us as we chart our course for the future."
    Mr. Munoz succeeds Paige Littleton, who is retiring after seventeen years
with the firm, though she remains as a consultant to Legg Mason.
    About Legg Mason
    Legg Mason is a global asset management firm, with approximately $992
billion in assets under management as of June 30, 2007. 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 (NYSE:   LM).

For further information:

For further information: Mary Athridge of Legg Mason, +1-212-559-0104
Web Site: http://www.leggmason.com

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