Putnam Investments has announced that Robert Goodman, a managing director and senior economic adviser, will retire on Wednesday.
Goodman will remain a member of Putnams Business Advisory Group, the companys panel of experts on economic, business and personal financial topics. He will be a consultant and Putnam spokesman at a variety of events, including meetings held by financial advisers with their clients, the company said last Tuesday.
David P. Kelly, a managing director and economic adviser, is to assume a greater role at the Boston company.
Goodman joined Putnam in 1989. As a member of its investment policy and global asset allocation committees, he has worked closely with the equity, fixed-income and international investment groups on developing a macroeconomic framework for investment decisions. Before joining Putnam, he was the chief economist at J. & W. Seligman & Co. Inc. for 17 years. He began his career in 1968 as an economist at the Federal Reserve Bank of New York before joining Citibank for two years as an economist.
Kelly joined Putnam in 1999 from SPP Investment Management where he was senior economist and strategist. Previously, he worked for Primark Decision Economics and Lehman Brothers as a senior economist.
At Nov. 30, Putnam managed $245 billion in more than 12 million individual shareholder accounts and for 2,500 institutional clients.