A familiar scion is taking over a 49-year-old boutique asset manager in the Empire State.

Anne B. Putnam Fenimore Asset Management CEO

At Cobleskill, New York-based Fenimore Asset Management [profile], Anne Putnam has been promoted to CEO, starting on October 1, the fund firm's team confirms. Putnam will succeed John Fox in the CEO role, though Fox will continue to serve as chief investment officer of Fenimore, which offers SMAs and the FAM family of mutual funds.

As CEO, Putnam will report to Fenimore's personnel committee of the board with 360 management assessments, says Frank Privitera, a spokesperson for Fenimore. Putnam most recently served as senior vice president of intermediaries for Fenimore.

"In Anne's role as CEO, she assists with firm strategy plus culture and is responsible for growth in mutual fund distribution and regional sales," Privitera tells MFWire.

Putnam is a second-generation chief of Fenimore, as her father Tom Putnam founded Fenimore Asset Management in 1974.

"As the founder and executive chairman of Fenimore, I am excited about everything Anne brings to her new role for our investors, associates, and community," Tom Putnam sates. "She is a proven leader with a deep understanding and commitment to our investment philosophy, and the knowledge, experience, and drive to help guide our firm to new levels of investor satisfaction and growth.”

Anne first joined the company in 2006, as relationship manager. Later on, she became vice president of institutional development and then SVP of intermediaries.

"It is humbling and a privilege to walk in the footsteps of my forefathers and the leaders who came before me," Anne Putnam writes to MFWire:

A lot has changed around us, yet Fenimore remains deeply rooted in the same core values and investment philosophy we started out with almost 50 years ago; that is something I am most proud of. We've been able to adhere to the same mission and values plus expand into FAM Funds, manage investor relationships with excellence, and maintain strong investment performance. I am honored to lead the firm into the next half-century.

"Fenimore's success is based on strong relationships with our investors, financial institutions, and portfolio-owned companies," Anne Putnam states. "My goal as CEO is to maintain our independence as a partnership owned by family and associates, and to expand our investment footprint nationally through various channels. Our values-based management will continue to drive our culture of investment and service excellence for several more decades."

Fox took over as CEO in 2019, and he first joined Fenimore in 1996. He is an alumnus of the University of Connecticut and Fairfield University.

Before Anne Putnam joined Fenimore 17 years ago, she worked at Danforth Associates. She is an alumna of Case Western Reserve University and Bucknell University. 

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