Matt Stovold

Legg Mason, a leading global multi – affiliate investment manager, today announced the appointment of Matt Stovold as the firm’s national key account manager and head of the newly opened Sydney office.

Reporting to Head of Sales, Beau Titchkosky, Stovold will have responsibility for driving retail distribution and key partner relationship management across New South Wales and Queensland, as well as heading the Sydney based office.

Reporting to Head of Sales, Beau Titchkosky, Stovold will have responsibility for driving retail distribution and key partner relationship management across New South Wales and Queensland, as well as heading the Sydney based office.With over 20 years of experience in the finance industry, Stovold joins Legg Mason having worked recently at Private Wealth Management firms such as UBS Wealth Management, where he was a Managing Director, & JBWere Private Wealth Management where he was the Head of Advice.

With over 20 years of experience in the finance industry, Stovold joins Legg Mason having worked recently at Private Wealth Management firms such as UBS Wealth Management, where he was a Managing Director, & JBWere Private Wealth Management where he was the Head of Advice. Prior to holding these positions, Stovold built his career within Asset Management at Goldman Sachs JBWere where he was a partner of the firm and the Head of Retail within the asset management business. In this role he was responsible for delivering profitable outcomes for the business and managing key relationships for the firm.

Prior to holding these positions, Stovold built his career within Asset Management at Goldman Sachs JBWere where he was a partner of the firm and the Head of Retail within the asset management business. In this role he was responsible for delivering profitable outcomes for the business and managing key relationships for the firm.

Commenting on Stovold’s appointment, Beau Titchkosky said; “We are very pleased to welcome Matt to the Legg Mason team. With demonstrated results-driven success in his previous roles, he is perfectly placed to lead the development of our retail business across key regions.”

“A proven team player, his deep understanding of the goals and objectives of the Australian funds management sector as well as his strong business acumen will be a significant asset to our clients, partners and team,” said Titchkosky.

Speaking about his appointment Stovold commented; “I am delighted to join the Legg Mason team. The firm has a well-established reputation in the industry and a range of high quality, award-winning investment strategies. I am excited to work with key accounts and their advisers to help develop the best solutions to meet their clients longer term objectives.”“Legg Mason’s investment affiliates, including, Brandywine Global, Martin

“Legg Mason’s investment affiliates, including, Brandywine Global, Martin Currie , QS Investors and Western Asset are all well regarded for product innovation and relevance to Australian investors,” he said.

Andy Sowerby, Country Head for Legg Mason concluded “The opening of our new Sydney office and the appointment of Matt Stovold reinforces our commitment to the market. In recent months we have made significant enhancements to our business including the broadening of our fixed income product set, increased advertising to raise awareness of our multi-affiliate investment offering and the appointment of Felicity Nicholson to lead our marketing team.”

Legg Mason’s business model involves nine separate active funds management firms encompassing the full range of asset classes and styles. Total assets under management were AUD $942 billion as at 28 February 2017.

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The appointment follows significant growth in the Australian business, with Legg Mason recently recording its best year of inflow.

Beau Titchkosky, Head of Sales for Legg Mason Australia said, “Colin’s appointment underpins our longer term growth plans and reflects the success of our business in developing tailored solutions under our hybrid distribution model. In building out our team we have looked for a strong blend of technical knowledge and relationship skills that can help us provide an edge in the way we service the Australian and New Zealand markets.”

The Australian sales team has progressively expanded with other more recent hires including Sales Directors Nathan Masalski from AllianceBerstein in 2012 and Ben van Den Tol from ING Commercial Bank in 2013. The growth in the Australian sales team is part of a continued strategy to build momentum more broadly, and this may potentially result in further appointments in the future.

Beau said the environment was positive for further expansion of the sales team. “Legg Mason in Australia is receiving continued and growing support from a range of asset consultants, multi-managers and dealer groups and our goal is to deliver on their expectations from an investment performance and relationship perspective.”

Colin joins Legg Mason after three years at JP Morgan as Vice President, Institutional Business. His previous experience also includes 11 years at UBS in London where he was most recently promoted to Executive Director, Head of Prime Brokerage.

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