Timothy C. Scheve

Tim Scheve headshot

President and Chief Executive Officer of Janney Montgomery Scott

Timothy C. Scheve is president and chief executive officer of Janney Montgomery Scott LLC., an independently-operated subsidiary of The Penn Mutual Life Insurance Company. Scheve joined the company as president and CEO in August 2007 and has over 30 years of experience in the securities industry.

Prior to joining Janney, Scheve served in a variety of leadership roles at Legg Mason, most recently as senior executive vice president, head of international asset management and chief administrative officer. He was appointed executive vice president of Legg Mason in 1998 and senior executive vice president in 2000. In 2003, he was named president and CEO of Legg Mason’s broker-dealer, the former Legg Mason Wood Walker, Inc.

Scheve graduated summa cum laude from Catholic University with a bachelor’s degree and received a master’s degree in economics from Brown University. He was elected to Phi Beta Kappa.