Legg Mason CFO resigns; interim appointed

Legg Mason Inc.'s chief financial officer is leaving the Baltimore-based investment firm for a senior position at a privately held asset manager on the West Coast, the company announced Wednesday.

C.J. Daly, 48, has been with Legg for 22 years, including about nine years as CFO. Terrence Murphy, chief operating officer with Legg affiliate ClearBridge Advisors in New York has been named interim CFO while the company looks for a permanent replacement for Daly.

Murphy, 42, has more than 20 years of finance experience, including serving as CFO of Citigroup Asset Management before Legg acquired Citigroup's money management arm five years ago.


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