Legg Mason Capital Management (LMCM), a subsidiary of Legg Mason Inc., announced Wednesday that Jay Leopold has been promoted to senior vice president, portfolio manager of LMCM's All Cap product.

Leopold, who joined Legg Mason in 1986 and moved on to LMCM in 1995, recently co-managed all-cap separately managed accounts with Bill Miller and Kyle Legg. He was also the assistant portfolio manager to David Nelson on the Legg Mason American Leading Companies Trust mutual fund.

Miller, CEO of LMCM, commented on Leopold's promotion: "Jay has been an important contributor to our investment process and will continue to play a significant role on the research team."

Leopold graduated cum laude from Wharton with a B.S. in finance and received the CFA designation in 1989. He was a former president and member of the board of directors of the Baltimore Security Analysts Society.

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