Carlyle's Nachtwey To Legg Mason

Dec 15 2010 | 1:48am ET

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.


In Depth

MiFID2 For U.S. Firms: Key Questions Answered

Feb 27 2017 | 4:54pm ET

The January 2018 deadline for implementation of the EU’s mammoth MiFID2 regulations...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of