Since July 7th 2017, the new president of C-III Asset Management has been Barry Davis. Davis joined C-III in 2010 after the addition of Centerline’s servicing business. Davis took the position as chief operating officer position in 2011. Davis along with Lindsey Wright and Jenna Unell make up the new face of C-III’s executive management team. Wright has joined the management team as senior managing director and Unell has joined as general counsel. The firm is run under the leadership of Andrew Farkas, who serves as Chairman and CEO.
LM will soon create a mutual asset investment by turning its very own Permal Group subsidiary and EnTrust Capital (under Gregg Hymowitz) into one collective asset. This will increase its hedge funds accounts considerably into a $26 billion business. The company will also be able to garnish a growing trend of up to 83% through the increase in value and shares available to Legg Mason through its Clarion partnership. This will cause LM to gradually generate funds up into the billions in profit, because of its ownership of the $585 million stake it owns in Clarion, which is already a $40 billion market in real estate and investment properties. According to Marron Clarion’s involvement in his own company was a necessary component to their real estate market.