Lori McEvoy joined ClearBridge Investments as managing director, head of institutional sales, said ClearBridge CEO Terrence Murphy in a phone interview.
She replaces Maureen Beshar, who left in December to become executive vice president, head of institutional sales at Nuveen Investments. Ms. McEvoy will report to Mr. Murphy.
Ms. McEvoy will lead the six other people on ClearBridge's institutional sales team. She will also conduct an assessment to see if the firm needs to make any additional hires within the team, Mr. Murphy said.
Ms. McEvoy previously was senior vice president, head of institutional sales and service at Fred Alger Management. Company spokeswoman Olivia Offner declined to comment on Ms. McEvoy's replacement.
ClearBridge, a subsidiary of Legg Mason, had $106 billion in assets under management as of June 30, of which approximately $30 billion is institutional.
