November 30, 2009
Dumas, Leeson, Doucet Join Putnam DC Team
Three veteran sales professionals, Alan Dumas, John Leeson and Chris Doucet, have joined the defined contribution team at Putnam Investments.
Commenting on the new hires, Edmund F. Murphy III, managing director and head of defined contribution at Putnam, said, "When he took the helm last year as president and CEO, Bob Reynolds made the retirement market one of the cornerstones of Putnam's resurgence, with a strong commitment to supporting plan sponsors and their advisers. The hiring of well-regarded industry veterans such as Alan Duman, John Leeson and Chris Doucet will be helpful in driving the continued growth of our retirement business."
A 14-year veteran of investment management Dumas will serve as a vice president in charge of business development. He joins Putnam from Fidelity, where he worked with advisers in defined contribution sales as a vice president, retirement specialist. Before that, he had a successful sales career at Principal.
Leeson is now a vice president working with advisers in the Southeast. He previously spent more than 13 years as a registered investment adviser with LPL Financial.
Doucet joins Putnam as senior vice president, national accounts director, in charge of both full-service and investment-only defined contribution sales through large broker/dealer partners. He comes to the firm from The Hartford and also worked at MFS Investment Management.
Great-West Taps Caldwell As Regional Sales Director
Great-West Retirement Services has promoted Jonah Caldwell from internal wholeasaler to regional sales director for Arkansas and Oklahoma, a newly created position in which Caldwell is responsible for developing 401(k) plan business through brokers, financial advisers, consultants, wirehouses and third-party administrators.
"I'm pleased that Jonah has been promoted within our sales team," said Bill Harmon, vice president of 401(k) sales. "The experience he gained as an internal wholesaler provides a solid foundation for his new sales role. His talent will further strengthen our ability to deliver retirement plan solutions to the corporate market."
Caldwell, who joined Great-West in 2006, was previously a financial adviser at AXA Advisors.
Genstar Names Strong Operating Executive
Genstar, a private equity firm that invests in financial services, healthcare, software and industrial technology companies, has named Hal Strong, former vice chairman of Russell Investments, as an operating executive.
Russell has more than 30 years of experience in investment management and was with Russell since 1990.
"We are very pleased that Hal will be working with Genstar to further extend our presence in the financial and business services vertical where we are seeking to capitalize on significant levels of global financial services spending and unprecedented market dislocation," said Jean-Pierre L. Conte, chairman and managing director of Genstar. "With the added involvement of a talented and experienced executive like Hal, we expect to identify targeted opportunities in the asset management sector. We have already made significant progress in the insurance and commercial finance sectors."
Commenting on his new position, Strong said, "Genstar has a long and established track record as a successful investment firm, and I look forward to sharing my knowledge of the asset management industry and working closely with the talented team of Genstar professionals."
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