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New York Investment Manager Plans Name Change
Harriet Davies
15 October 2012
New York-based
ClearBridge Advisors is re-jigging its business, appointing a co-chief investment officer and planning a name change by the start of next year. The firm, which is a subsidiary of Legg Mason, has appointed Scott Glasser as co-chief investment officer, to work alongside current CIO Hersh Cohen. Glasser has been with a ClearBridge predecessor since 1993 and served as a portfolio manager since 2004. He and Cohen managed the firm’s Appreciation strategy together from 1995 to 2009. He will remain co-manager on this strategy while Margaret Vitrano is taking over as co-manager of the ClearBridge Large Cap Growth strategy, along with Peter Bourbeau. In other moves, the firm will change its name by January to 2013 to ClearBridge Investments, to “better reflect” its business, it said.