Investment management firm Legg Mason has appointed Matt Stovold as its national key account manager and head of the new Sydney office.

In his new role, he will be responsible for driving retail distribution and key partner relationship management across New South Wales and Queensland, and heading the Sydney office.

Stovold will report to head of sales Beau Titchkosky. He has more than 20 years of experience in the finance industry.

Prior to joining Legg Mason, he was with UBS Wealth Management as a managing director.

Previously, he also served at JBWere Private Wealth Management as head of advice, and at Goldman Sachs JBWere as partner of the firm and the head of retail within the asset management business.

Commenting on the appointment, Titchkosky said: “We are very pleased to welcome Matt to the Legg Mason team. With demonstrated results – driven success in his previous roles, he is perfectly placed to lead the development of our retail business across key regions.

“A proven team player, his deep understanding of the goals and objectives of the Australian funds management sector as well as his strong business acumen will be a significant asset to our clients, partners and team.”

Legg Mason country head Andy Sowerby said: “The opening of our new Sydney office and the appointment of Matt Stovold reinforces our commitment to the market.”