Legg Mason has hired Peter H. Nachtwey as chief financial officer and a member of its executive committee, reporting to Chairman and CEO Mark R. Fetting.

Nachtwey was previously CFO and a member of the operating committee of The Carlyle Group. Before that, he was with Deloitte and Touche for 25 years in positions of increasing responsibility, most recently as managing partner of the first fully integrated investment management practice of the Big Four, dedicated to serving mutual funds, private equity and hedge funds.

“Pete’s deep knowledge of the investment management industry and his broad expertise across all aspects of financial management—corporate, fund, portfolio company and deal—will be invaluable as we grow our business and invest in both our affiliates and opportunities globally,” Fetting said

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