Putnam Investments today unveiled a new office in Beijing, representing the firm’s first foothold in China. The new office will be managed by Michael Luo, who reports directly to Joseph T. Phoenix, Head of Putnam Global Institutional Management.

Luo joined Putnam from Invesco Great Wall, based in Shenzhen, where he established a fixed income team and focused on growing the firm’s China-based institutional client relationships, through the representation of their global investment products.

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