Executive Vice President and Director
Permal Group, Inc.
New York, New York
Salameno is the executive vice president of Permal Group Inc., a part of Legg Mason, which offers investors access to hedge fund of funds. He joined Worms and Company Inc. (Permal) in 2000 as a director and executive vice president-new business development and is responsible for product, marketing and distribution strategy. In 2005, he was made a Director of Permal Group Ltd., the holding company within the Legg Mason Group for all Permal subsidiaries.
A 1966 graduate of Cornell University, he received his J.D. degree from the Cornell University School of Law in 1969. He practiced corporate and securities law before joining Ticor Relocation Management Co. After Ticor was acquired by Merrill Lynch in 1978, he transferred to Merrill Lynch International in London as general counsel to the international private client business.
In 1982, he was appointed as deputy regional director, Western Europe/Middle East and in 1988 as first vice president and senior director the international private client group. He later worked with Merrill Lynch in the acquisition, start-up and integration of new businesses outside the United States. Salameno retired from Merrill Lynch upon completing 25 years of service and then served as an independent management consultant. He also assisted clients with the growth of an international mutual funds business.
A past member of various committees of the Securities Industry Association, he is a member of the Board of Trustees of the Saddle River Day School, an independent day school in Saddle River, N.J., a trustee of Our Knoll School of Summit, N.J., and a trustee of the Valley Hospital Foundation/The Valley Hospital in Ridgewood, N.J. He is a member of the President’s Advisory Council of the Colonial Williamsburg Foundation. He is a member of Stonehill’s President's Council and the Campaign Executive Committee for “Attaining the Summit: The Campaign for Stonehill College.”
At Commencement 2008, he received an honorary Doctor of Humanities degree from Stonehill for his commitment to civic and educational causes.
He was elected a trustee at Stonehill in spring 2002. In February 2007, thanks to the generosity of Theresa and Lawrence Salameno, Stonehill established the first endowed chair in the College's history, The Lawrence and Theresa Salameno Endowed Chair in History. Larry resides with his wife, Theresa, in Allendale, N.J.