Permal Boosts Institutional Presence With New Hires

Jan 14 2008 | 1:02am ET

New York-based Permal Group has its Americas institutional team with a pair of senior hires.

Joshua Levine, a former director of BlackRock’s Latin American institutional business, has joined as head of Permal’s Americas institutional sales team, while Tim Schuler, the former director of Credit Suisse’s Asian and Australian alternatives business, becomes Permal’s investment strategist, with responsibility for all U.S. institutional clients and other large direct account relationships.

“These two senior appointments add to our existing North American institutional sales team and shows the intent to grow our Americas institutional business,” said Isaac Souede, chairman and CEO. ”We strongly believe that this is a natural market for Permal, given its American parent company, Legg Mason, and New York investment headquarters.”

Founded in 1973, Permal currently has around $37 billion under management. It became part of Legg Mason in 2005.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

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

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

Versum Materials (VSM), with a market capitalization of $2.7 billion, enables chipmakers to achieve higher performance at lower cost with enhanced reliability. Versum is a leading global provider of electronic materials for the integrated circuit and flat-panel display markets.