Legg Mason

Product Development Manager

Req. #
International Product
Position Type

Position Overview

Legg Mason is seeking a Product Development Manager to join the European-based product team, which plays a vital role in the development of new product capabilities across the Global Distribution businesses and range management of existing products. The European team primarily supports the cross-border and UK lines distributed through LMGD across the UK and continental Europe. Additionally, this role also provides support to our Miami-based Americas distribution platform and interacts with colleagues in Asia as well.  Members of the International Product team are based in London, Japan, Singapore, and Melbourne.


As the Product Development Manager, you would perform a key role in developing and coordinating all product development and range management initiatives for your target client groups. 

Key Responsibilities & Duties Include, but not Limited to

  • Ownership and responsibility for the development of new products and initiatives, including but not limited to, fund launches, repositions and strategic changes.
  • Communication of new product launches and changes to LM Business stakeholders.
  • Preparing proposals to internal committees to ensure product development initiatives are approved by the relevant business stakeholders.
  • Product delivery: Coordinate new fund launches and product initiatives by ensuring their timely completion; facilitating effective communication and input between key stakeholders; and working with relationship management teams to provide milestone progress updates
  • Support the product lifecycle process. Includes conducting post launch and post implementation reviews of product developments
  • Partner with the LM business including sales, client service, PSG and marketing teams to identify product development opportunities with new and existing
  • Keep abreast of product trends in the investment industry through regular market and competitor analysis and identify opportunities for Product solutions working closely with the Product Strategy Team.
  • Respond to product related enquiries from various areas of the business.
  • Supporting the key objectives of the team, which are:
  • Delivering new investment strategies/Product Solutions for LMGD's cross-border and UK mutual fund platforms.
  • Identifying and acting on information to improve the efficiency of the product offer via amendment, merger or rationalisation.
  • Ensuring implementation of product-related initiatives is timely and well executed across the business.
  • Keeping abreast of commercial and regulatory developments and interpreting them into meaningful and compelling proposals
  • Supporting the impact assessment, co-ordination and delivery of product change brought about by external factors such as MiFID II etc.

Ideal Qualifications and Experience

  • 3 - 5 + years experience of one or more aspects of product development and mutual fund range management including managing multiple activities simultaneously (e.g. , , product development, client solution orientated, product-based project management and business coordindation)
  • Degree educated, industry qualification helpful (IMC at a minimum)
  • Technical knowledge of pooled fund structures including UCITs and non-UCITS across a range of domiciles, with knowledge of UK and Ireland most relevant.
  • An understanding of investment management, regulatory, tax and operational requirements relating to product design and commercial success.
  • Experience dealing with Institutional Sales/Distribution teams to solve client solutions from a product perspective.
  • An understanding of the end-to end product lifecycle process.
  • An understanding of the regulatory environment to establish the impact on product development and business opportunities.
  • Experience working with Product Strategy teams to shape and understand the product development strategy.
  • Broad based knowledge of entire asset class spectrum desirable, including equities, fixed income, alternatives and ETFs.
  • Proactive approach to support a heavy change agenda – able to work in a fast-paced environment.
  • Strong communication skills both written and verbal with the ability to articulate product ideas appropriate for the intended audience.
  • Ability to build and retain strong effective relationships with key stakeholders and partners across the business at all levels.
  • Strong organisational skills to deliver projects within a large, complex, cross functional environment
  • Ability to work under pressure and meet tight deadlines.
  • Analytical skills, with good attention to detail.
  • Good team player who thrives in a collaborative environment and is also able to work well independently and build relationships at a distance.
  • Commercial acumen
  • Able to proactively identify the needs and manage the expectations of internal clients including sales, client service, marketing and affiliates.
  • Numerate and commercially aware; target and results focused.

Company Overview

Legg Mason is a leading global asset management firm that offers rewarding career opportunities for individuals who share our core values: integrity, collaboration, and passion for results, empowerment, and a commitment to our profession. We have a presence in every major financial center across the globe, and we look for exceptional professionals who want to shape a rewarding career through intellectual curiosity, leadership, and team-oriented approach. If you are passionate about the investment business and about building your future with one of the industry's premier firms, consider the opportunities at Legg Mason today.


Legg Mason offers a competitive salary and annual discretionary bonus (dependant on company and individual performance). A comprehensive benefits package including; medical insurance, dental insurance, pension and much more.


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