Industry

Putnam Investments has created a new leadership structure for its fixed income investment operations. D. William Kohli, Michael V. Salm and Paul D. Scanlon, are now co-heads the firm's fixed income team of over 60 investment professionals, who manage nearly $60 billion in assets.

Whether they call it "aggressive recruiting" or poaching, financial services companies across the board are predicting the practice will intensify in the coming year, forcing many of them to sweeten their offers and actively seek out skilled professionals both within and outside the industry.

Janus Capital has hired George Maris as portfolio manager of the Janus Worldwide Fund, reporting to Janus co-CIO Jonathan Coleman. Maris comes to the firm from Northern Trust, where he ran both retail and institutional money.

More than half of RIAs are ‘bullish’; large caps and ETFs are top investment choices

According to a company memo obtained Friday, Lynch has “decided to leave and pursue opportunities outside the firm.”

Charles G. Turgeon has joined Eaton Vance as vice president, institutional business development. In this role, reporting to Scott P. Ruddick, managing director of institutional, Turgeon is responsible for developing relationships with institutional investors and consultants.

Gabriela Parcella was named CEO of Mellon Capital and Bart Grenier was named chairman and CEO of Boston Company Asset Management

Philip Hill has joined First Republic Private Wealth Management in San Francisco as a portfolio manager and managing director.

Credit Suisse has tapped Eric Miller, the former global credit research head at Barclays Capital, to lead the financial services company’s fixed-income research globally

Industry veterans, Brent Norman and Erik Lawrence, formerly with UBS, will work with John Noble, a managing director of Paulson Wealth Advisors, in the expansion of Paulson’s investment advisory firm throughout the Pacific Northwest.