Baltimore money manager Legg Mason announced Monday the hiring of Peter "Pete" H. Nachtwey as its new chief financial officer.
Nachtwey joins the company from private equity firm The Carlyle Group, where he also served as its chief financial officer.
Nachtwey replaces C.J. Daley, a 22-year veteran of Legg who left in July for a senior position at a privately held asset manager on the West Coast.
Nachtwey also will be a member of Legg's executive committee and will report to Chairman and Chief Executive Officer Mark R. Fetting.