New York (HedgeCo.net) – $668 billion hedge fund management firm Legg Mason Inc., has appointed Peter “Pete” 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 their Operating Committee.
“I am excited to join one of the world’s largest asset managers and a well-respected finance team. “Nachtwey said, ”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 2007-2010, 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. As CFO of one of the world’s largest alternative investment managers, he had broad oversight of structuring, reporting and budgeting for over $90 billion in private equity and credit alternatives investments in over 70 discrete fund investment vehicles.
Prior to The Carlyle Group, he spent more than 25 years in increasing leadership positions at Deloitte and Touche LLP, 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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