ClearBridge Investments announced today that Scott Glasser, who for eight years has shared the Co-Chief Investment Officer title and responsibilities with Hersh Cohen, will become the firm’s sole Chief Investment Officer, effective June 30, 2021. At the same time, Scott will relinquish portfolio manager duties on ClearBridge’s Dividend Strategy. Dividend Strategy portfolios will continue to be managed by the team of John Baldi, Michael Clarfeld, Diane Keady and Peter Vanderlee, each with decades of experience. Scott will continue as a portfolio manager on ClearBridge’s Appreciation Strategy.
“The ClearBridge culture is founded upon teamwork, consistency and transparency. Naming Scott Glasser our sole CIO is the next step in our succession planning process,” said Terrence Murphy, Chief Executive Officer of ClearBridge. “Scott’s investment acumen is well-respected in the industry. After a highly successful collaboration with Hersh, guiding us wisely through many market cycles, we are entirely confident that Scott will continue to lead us through the challenging times ahead.”
Hersh will remain with the firm as CIO Emeritus, working on private client accounts and continuing to act as a valued adviser.