Thomas Hirschmann was named co-head of distribution for Legg Mason's Americas retail and subadvisory business, and head of institutional, overseeing the firm's insurance, subadvisory and institutional mutual fund business, according to an internal announcement obtained by Pensions & Investments.
Mr. Hirschmann, a managing director, replaces Kim Mustin, who is leaving Legg Mason “to pursue another opportunity,” according to the announcement.
Reached by telephone, Legg Mason spokeswoman Mary Athridge declined to comment on Ms. Mustin's plans. Ms. Mustin wasn't immediately available for comment.
Mr. Hirschmann was head of international asset management at Legg Mason. Ms. Athridge said those responsibilities will be assumed by other team members.