The Baltimore business community is grieving the loss of Mark R. Fetting, the highly respected former Chairman and Chief Executive Officer of Legg Mason, who has reportedly passed away. A prominent figure in the financial services industry, Fetting was celebrated for his vision, integrity, and unwavering dedication to both his profession and his hometown. News of his passing has left colleagues, friends, and family in profound sorrow.
Born and raised in Baltimore, Fetting’s roots in the city ran deep. He graduated from the University of Pennsylvania and went on to earn an MBA from Harvard Business School before embarking on an illustrious career in finance. His professional journey led him to Legg Mason, one of Baltimore’s most storied financial institutions, where he rose through the ranks to become Chairman and CEO in 2008.
Taking the helm during the height of the global financial crisis, Fetting steered the firm through unprecedented challenges with steadiness, strategic clarity, and a deep commitment to its long-term health. His tenure was marked by thoughtful restructuring, a renewed emphasis on client relationships, and a corporate culture built on integrity.
Outside the boardroom, Fetting was equally devoted to civic life. He served on the boards of numerous nonprofit organizations supporting education, culture, and healthcare across the Baltimore region. His peers remember him not just as a skilled executive, but as a generous mentor, a compassionate listener, and a leader who placed people at the heart of every decision.
Tributes have poured in from across the country, with former colleagues describing him as “a steady hand in rough waters” and community leaders calling him “a true champion for Baltimore’s future.” While the circumstances of his passing have not been publicly disclosed, the outpouring of respect and remembrance reflects the depth of his influence.
Fetting is survived by his family, who were central to his life. Funeral and memorial service details will be shared in the days ahead, as the community comes together to honor his life and legacy.
Mark Fetting’s impact—spanning business, philanthropy, and civic leadership—will be felt for years to come. His guiding principles and love for Baltimore have left an enduring mark on the city he proudly called home.