It is with deep sadness that we announce the passing of Mark R. Fetting of Baltimore, Maryland, a visionary leader in the financial services industry and the former Chief Executive Officer of Legg Mason, Inc.

Mark’s professional journey was defined by his ability to navigate complex markets with clarity and principle. Born and raised in the Baltimore area, Mark built his career on a foundation of academic excellence, earning his undergraduate degree from the University of Pennsylvania’s Wharton School and his MBA from Harvard Business School. These early achievements were just the beginning of a lifelong dedication to financial stewardship and strategic leadership.

Mark joined Legg Mason in 2000 and became CEO in 2008, a role he held during one of the most challenging periods in the global economy—the aftermath of the 2008 financial crisis. His steady leadership and decisive action helped guide the company through turbulent markets, restructuring operations, and strengthening relationships with clients and investors worldwide. Colleagues remember his clear-eyed approach to problem-solving, his willingness to listen to differing perspectives, and his ability to inspire confidence even in uncertain times.

Under Mark’s leadership, Legg Mason remained committed to delivering long-term value for shareholders and maintaining a client-first culture. He placed a strong emphasis on ethical business practices, transparent communication, and building teams that reflected both expertise and diversity of thought. Those who worked closely with him describe a leader who was not only results-driven but also deeply human—someone who valued mentorship, encouraged professional growth, and celebrated the achievements of those around him.

Beyond his corporate accomplishments, Mark was an active and engaged member of the Baltimore community. He served on numerous boards and supported charitable organizations focused on education, healthcare, and the arts. Mark believed that leadership extended far beyond the boardroom and that true success was measured in the positive impact one could have on others. He approached community service with the same dedication and strategic insight that defined his career, always looking for ways to create sustainable change.

Mark was also known for his personal warmth, humility, and a genuine interest in the lives of others. He had a natural gift for connecting with people from all walks of life, whether in a business meeting, at a charitable event, or in a casual conversation over coffee. Friends and family recall his quick wit, his thoughtful advice, and his deep loyalty. He cherished time with his loved ones and found joy in shared meals, travel, and simple moments of togetherness.

He is survived by [names of spouse, children, grandchildren, and other close family members, if known], who will remember him as a devoted husband, father, and grandfather. Mark’s passing is felt not only by his family but also by the countless colleagues, friends, and community members whose lives he touched.

A celebration of Mark’s life will be held in Baltimore on [date, time, and location], bringing together family, friends, and colleagues to honor his remarkable contributions to business and community.

Mark Fetting’s life stands as a testament to the power of principled leadership, lifelong learning, and service to others. His vision, generosity, and commitment to excellence will continue to inspire all who had the privilege of knowing him. Though his presence will be deeply missed, the values he embodied will live on in the many lives he influenced.