Putnam Investments has a new head of investment product management. The Boston mutual fund firm tapped Kelly Marshall to fill the post
vacated by Chris Thompson, who left to join Columbia Management in March.
Marshall reports to Jeff Carney, head of global marketing, products and retirement.
The appointment puts Marshall in charge of all aspects of product management and development across Putnam's retail, institutional and retirement businesses. She joined Putnam last year as director of market planning and analytics.
Marshall is an alum of Fidelity, Wells Fargo Nikko Investment Advisors and Accenture.
Company Press Release
BOSTON, May 3, 2010 — Putnam Investments today announced that Kelly
Marshall has been appointed Head of Investment Product Management. In her
new role, Marshall will be responsible for all aspects of product
management and development across Putnam’s business lines – retail,
institutional and retirement.
Marshall, who joined Putnam in 2009 as Director of Market Planning and
Analytics, will lead an experienced team of subject matter experts that
introduced 14 new products last year and provide product expertise for
sales and client service. She will be responsible for driving the firm’s
ongoing commitment to creating and managing innovative investment product
solutions to address the needs of Putnam’s clients. Marshall will report
directly to Jeffrey R. Carney, Putnam Investments Head of Global Marketing,
Products and Retirement.
"Kelly has already made significant contributions to the firm in setting
the foundation for strategic marketing and product development initiatives
at Putnam," said Carney. "Under Kelly's leadership, Putnam will continue
to build a product line-up for clients and investors that seeks to
capitalize on unique market opportunities, and address an array of
environmental factors, such as longevity, income needs, volatility
concerns, inflation fears and more."
Marshall has extensive strategy, market development and product experience,
having spent nearly 20 years in senior roles at Wells Fargo Nikko
Investment Advisors, Accenture and Fidelity Investments. She holds an MBA
degree from University of Pennsylvania’s Wharton School and a Bachelor of
Science in Business Administration from Miami University of Ohio.
Since Robert L. Reynolds became Putnam's president and chief executive
officer in July 2008, the company has made a significant commitment to
developing and introducing new products, revamped the product lineup, and
introduced a shareholder friendly product pricing structure. In the past
15 months, Putnam has:
· Introduced sweeping changes to the management fees on Putnam's retail
mutual funds, designed to provide investors with a host of immediate
and long-term pricing benefits, and to make Putnam’s product line-up
more competitive in the marketplace. Changes included lower
management fees, use of performance fees and fund family-wide
· Launched the fund industry’s first suite of target absolute return
funds, which responded to a strong appetite in the markets for
products that invest dynamically in pursuit of positive real returns
over time, with less volatility than more traditional mutual funds,
whether markets are rising or falling. The absolute return funds
passed $1 billion in assets in December 2009, less than a year after
they were launched, making them among the best-selling products in
· Introduced the Putnam Global Sector Funds, the first suite of
actively managed mutual funds to target stocks in sectors across the
entire MSCI World Index. The individual sector funds are complemented
by the new Putnam Global Sector Fund, the first fund-of-funds that
provides exposure to all sectors contained in the MSCI World Index;
· Developed and launched the Putnam Spectrum Funds, which invest in the
securities of leveraged companies, looking to generate returns
through investments across their entire capital structure;
· Revamped the Putnam RetirementReady Funds, Putnam's own suite of 10
target-date/lifecycle retirement funds, to add the absolute return
funds as underlying investments, making them the only suite of
lifecycle funds to integrate such strategies alongside more
conventional relative return – or benchmark-focused – mutual fund
strategies to control volatility.
Putnam's success at implementing its strategy has been confirmed by such
independent industry voices as Institutional Investor, which named the
company "Mutual Fund Manager of the Year" last month. And, in February,
Putnam earned the #1 ranking in the 2010 Lipper/Barron’s Best Mutual-Fund
Families Survey based on dramatic gains by individual funds and
advancements across the entire fund complex in 2009.
About Putnam Investments
Founded in 1937, Putnam Investments is a leading global money management
firm with over 70 years of investment experience. The firm was recently
ranked #1 out of 61 fund families based on its funds’ performance during
2009 in a Lipper/Barron’s Fund Families Survey and named “Mutual Fund
Manager of the Year” by Institutional Investor. At the end of March 2010,
Putnam had $118 billion in assets under management. Putnam has offices in
Boston, London, Frankfurt, Amsterdam, Tokyo, Singapore, and Sydney. For
more information, visit putnam.com.