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Western Asset Management Company Announces Leadership Transition
Michael Buchanan named Chief Investment Officer
Ken Leech on leave of absence
PASADENA, CA / [BUSINESS WIRE] / [August 21, 2024] / Western Asset Management Company ("Western Asset" or the "Company"), a global manager of active fixed-income solutions, announced today that it has appointed Michael Buchanan to Chief Investment Officer. Mr. Buchanan had served as co-Chief Investment Officer with Ken Leech, who is on a leave of absence, effective immediately.
In line with the Company's succession plan, Mr. Buchanan has been elevated to Chief Investment Officer. Along with his responsibilities as Chief Investment Officer, Mr. Buchanan has assumed leadership of all global investment management responsibilities.
With nearly two decades at the Company and over three decades of industry expertise, Mr. Buchanan has helped lead the Company's Global and US Strategy Committees and has had direct oversight of the Company's global investment teams, including global macro and all sector teams. Prior to Western Asset, Mr. Buchanan served as Managing Director and Head of US Credit Products at Credit Suisse Asset Management and as Executive Vice President and Portfolio Manager at Janus Capital Management.
Posted In: BEN
