James Arnold was named business development manager at ClearBridge Investments, said a spokesman.
The position is new, and Mr. Arnold is based in London.
Reporting to Ryan Virag, director, client portfolio manager at ClearBridge, Mr. Arnold coordinates institutional sales and marketing efforts. He will also collaborate with other members of the firm and parent company Legg Mason to grow sales and brand recognition.
Mr. Arnold "joins ClearBridge at a time in which investors will increasingly need to access investment strategies outside their home markets to generate the returns they need," said CEO Terrence Murphy in a news release. His "expertise in partnering with institutional buyers and their consultants will be invaluable as we seek to deliver proven active management to clients who need it in a rising rate, low growth, potentially higher-volatility market environment."
Mr. Arnold was director, sales at institutional manager Goodhart Partners. Justin McKie, head of sales at the firm, said he has not been replaced.
Global equity manager ClearBridge has $123 billion in assets under management.
