Peter Nachtwey, who earlier this week quit as the Carlyle Group's chief financial officer, has taken the same post at asset management giant Legg Mason.
Nachtwey, who worked at Washington, D.C.-based Carlyle for three years, will also serve on Baltimore-based Legg Mason's executive committee. He succeeds Charles Daley, who resigned from the firm, which manages $668 billion, six months ago.
Nachtwey told FINS Finance that he "was fascinated by the opportunity, given the quality of the firm's brand name and how it came through in the financial crisis. Not many firms can say they've got a century-long track record."
At Legg, Nachtwey said he will focus on streamling co-restructuring and building up the firm's asset base.