Legg Mason Inc. said yesterday that it has hired a former Price Waterhouse executive to direct its real estate research division, as the Baltimore investment house seeks to expand its services in that area.
With the hiring of Glenn R. Mueller, a Johns Hopkins University professor, Legg Mason hopes to better integrate research with real estate securities, commercial mortgage banking, finance and consulting divisions.
"Glenn will provide a common language between all those groups," said Robert A. Frank, a Legg Mason executive vice president and the company's director of research. "We have to provide multiple solutions for our clients, and this is a platform from which to do that."
Mueller, 43, said Legg Mason's goals dovetail with increased ownership of commercial real estate and related securities by pension funds and other institutions, a trend the company hopes to seize on by providing data and analysis.
Prior to Price Waterhouse, where he was the Big Six accounting firm's national director of real estate research, Mueller worked at Alex. Brown Kleinwort Benson Realty Corp. and Prudential Insurance Co.
Pub Date: 12/05/96