Peter E. Sundman was named president and CEO of ClearBridge Advisors, an equity management affiliate of Legg Mason, effective Jan. 1, said Legg Mason spokeswoman Mary Athridge.
He replaces Brian S. Posner, who left ClearBridge on March 31.Mr. Sundman was chairman and CEO of the Neuberger Funds. Tom D. Seip, independent board member at Neuberger Berman’s mutual funds, has been named non-executive chairman of the board of the company’s mutual funds, while Robert Conti, an executive vice president of the funds, was named CEO, according to a Neuberger news release