July 6, 2009
Munder Names FitzGerald As Firm's First President
Munder Capital Management has selected James FitzGerald to serve as its first ever president, a newly created position in which he will report to John Adams, the firm's chief executive officer and chief investment officer.
While retaining his responsibilities as of distribution and chief marketing officer, FitzGerald will now focus on overseeing the firm's growth plans.
Prior to joining Munder in 2004, FitzGerald was a senior vice president with MFS Investment Management. Earlier in his career, he worked at Great-West Life Assurance Co.
"From the moment he arrived, Jim introduced numerous strategic initiatives that have resulted in significant revenue growth, increased profitability and improved organizational efficiencies," Adams said. "A visionary leader, he is uniquely suited to ensure that Munder Capital Management is well positioned to succeed during this dynamic period in our industry's history."
Haldeman Steps Down As Chairman of Putnam
After postponing his retirement following the sale of Putnam Investments to Power Financial two years ago, Charles "Ed" Haldeman has stepped down from his positions as chairman of Putnam Investment Management, president of the Putnam Funds and member of Putnam Funds' board of trustees.
Putnam President and CEO Robert L. Reynolds will replace Haldeman as president of the Putnam Funds, but the chairman position will not be replaced.
"Ed Haldeman joined Putnam Investments during some very challenging times, and his steady leadership helped to keep the company on course," Reynolds said. "As he retires, I'd like to thank him on behalf of the entire Putnam organization for his years of dedicated service to the company. We wish him the very best for the future."
However, there have been reports that Haldeman, 60, is considering becoming CEO of Freddie Mac.
"When we agreed to sell Putnam to Power Financial in January 2007, I committed to stay at Putnam until June 30, 2008," Haldeman said. "My agreement was extended, and it is now almost two and a half years since the sale of Putnam was announced. Power Financial has been a great owner and continues to invest in the business. Bob Reynolds is doing a great job as CEO. This is a good time for me to advance to the next stage of my career. I'll always be grateful for the opportunity to have worked with so many dedicated and talented professionals."
Prior to joining Putnam Investments in 2002, Haldeman served as CEO of Delaware Investments, and earlier as president and chief operating officer of United Asset Management.
He currently serves as chairman of the board of trustees of Dartmouth College. He also serves on the Harvard Business School's board of dean's advisors, the Partners HealthCare Investment Committee, and the executive committee of the Boston Chamber of Commerce. He formerly served on the board of governors of the Investment Company Institute.
Broadridge Selects Carey As President of Processing
Broadridge Financial Solutions has appointed Tom Carey president of international securities processing solutions, reporting to John Hogan, president and COO. Carey has been with Broadridge for 18 years.
"The international markets are very important to the strategic growth plans of Broadridge," Hogan said. "Tom has consistently demonstrated the leadership and client-centric qualities that will enable us to grow our business internationally, and I wish him every success."
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