Stephen Fulton, head of the agency mortgage-backed securities sector team at Western Asset Management Co., will retire effective Sept. 30, confirmed spokeswoman Mary Athridge.
Mr. Fulton is leaving to pursue other interests outside the money management industry.
Mr. Fulton will be replaced by Anup Agarwal, who joined the firm in July as head of structured products. Mr. Agarwal will retain his current title, Ms. Athridge said.
Efforts to reach Mr. Fulton by press time were unsuccessful.