In Memoriam: Raymond A. “Chip” Mason, Financier and William & Mary Benefactor

Raymond A. 'Chip' Mason, the founder of Legg Mason and a transformative figure in Baltimore's financial landscape, passed away at 88. A 1959 graduate of William & Mary, Mason's legacy includes the renaming of the university's business school in his honor following decades of philanthropic and strategic support.

Mason's career began with the founding of Mason & Co. in 1962, which later evolved into Legg Mason—a global investment firm managing $830 billion in assets at the time of his retirement in 2008. His leadership cemented Baltimore's reputation as a financial hub.

Beyond finance, Mason remained deeply connected to his alma mater, crediting William & Mary for his professional foundation. His contributions extended to mentorship and institutional growth, leaving an indelible mark on both Wall Street and academia.