Legg Mason has appointed a new institutional sales director.
Justin Nunan joins the $962 billion fund manager from Media Super, where he was an investment manager. Prior to that, he held multiple roles at ME Bank, including head of treasury sales, institutional manager (cash and fixed income) and senior treasury dealer.
Nunan said: "I believe that we are entering a new investment era. The challenges of the future are very different to what has gone before and therefore require a broader set of capabilities to help capture the full range of opportunities."
"With this I mind, I see Legg Mason as offering something particularly unique with proven capabilities across all major asset classes including through leading investment managers such as Clarion Partners, Brandywine Global, Entrust Permal and QS Investors," Nunan said.
Legg Mason managing director Andy Sowerby added: "We are delighted to have Justin join our team. We are very impressed with his strong investment credentials and the extensive experience he brings to the table - a unique mix of sales, investment management and a thorough understanding of complex financial issues.
"Importantly, Justin has a deep understanding of the dynamics of the Australian superannuation sector and the challenges faced to meet the evolving investment needs of their members. This knowledge will only help us become better investment partners to our clients and we are excited to welcome Justin to the team."
Nunan's appointment follows Legg Mason appointing Adam Muston as national business development manager. Muston joined from UBS Asset Management, where he was national sales manager, wholesale sales.
Muston will be responsible for strengthening key partnerships in the retail advisory sector, and will work with director of sales Matt Stovold, who was appointed in March to the head the Sydney office.