Legg Mason names Sullivan new CEO

Legg Mason Inc. on Wednesday named Joseph A. Sullivan its permanent CEO, ending months of speculation about who would take the top job at Baltimore’s largest asset manager.

Sullivan, Legg’s head of global distribution and sales, has served as interim CEO since Mark R. Fetting stepped down on Oct. 1 after four years.

Who would get the CEO job at Legg Mason (NYSE: LM) has been the subject of much speculation not just around the water cooler at Legg Mason’s Harbor East headquarters but across…