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Legg Mason appoints Peter Nachtwey as chief financial officer


Asset management firm Legg Mason has appointed Peter H. Nachtwey as chief financial officer and a member of its executive committee. 

He will report to Mark R. Fetting, chairman and chief executive officer. 

He joins the firm from The Carlyle Group, where he was chief financial officer and a member of the firm’s operating committee. 

Fetting says: "Pete’s deep knowledge of the investment management industry and his broad expertise across all aspects of financial management: corporate, fund, portfolio company and deal, will be invaluable as we grow our business and invest in both our affiliates and opportunities globally. I would also like to thank Terrence Murphy for his outstanding contribution and for taking time away from our largest equity affiliate. I know the team at ClearBridge Advisors is ready to welcome him back."

Nachtwey says: "I am excited to join one of the world’s largest asset managers and a well-respected finance team. Legg Mason’s investment affiliates are known as some of the best managers in their investment disciplines and I look forward to partnering with each of them to grow their franchises. At the right time, I am also ready to help expand Legg Mason’s investment capabilities through targeted acquisitions."

From 2007 to 2010, Nachtwey was chief financial officer at The Carlyle Group, where he had responsibility for all of the financial and a number of the operational functions at the firm. 

Prior to The Carlyle Group, he spent more than 25 years in increasing leadership positions at Deloitte and Touche, most recently as managing partner of the first fully integrated investment management practice of the Big Four, dedicated solely to serving mutual fund complexes, private equity firms and hedge funds.

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