Sign up today and take advantage of member-only content — the kind of timely, cutting edge industry insight that only Money Management Executive can deliver.
  • Exclusive Online Only Content
  • Free Daily Email News Alerts
  • Asset Management Blogs

Putnam Institutional Chief To Resign by Month's End

John Brown, Putnam's senior managing director and head of institutional management, is resigning and will leave the firm at the end of the month. Brown, who reports directly to CEO Ed Haldeman, helped spearhead the firm's fight to stop bleeding assets in the wake of scandal developments at the firm. Putnam said Brown, a seven-year veteran of the firm, is leaving to pursue personal interests.

With Brown's departure, Putnam is eliminating its international distribution unit and folding it into its retail and institutional arms. Rich Monaghan will continue to head retail sales, both domestic and international, as well as oversee shareholder communications. John Boneparth, who had been in charge of international sales, is now heading up all institutional sales, both in the U.S. and abroad.

uman factor" and better assessment of cultural integration.

Copyright 2004 Thomson Media Inc. All Rights Reserved.