Putnam Investments today named Scott C. Sipple as head of investment product management and development, responsible for overseeing the firm’s equity, fixed income and global asset allocation product management and development teams.
In addition to his new role, Sipple, who joined Putnam in 2009, will continue to oversee Putnam’s strategic relationship function, which works with the asset management research platforms of major U.S. financial services firms. Sipple continues to report to William T. Connolly, head of global distribution.
“As a firm, we are committed to aggressively looking for opportunities to address the complex challenges of the current investment era by developing a 'modern solution set' for the marketplace, delivered with a unique mix of practice management tools and leading investment thinking,” stated Robert L. Reynolds, president and chief executive officer, Putnam Investments.
“Under Scott’s able leadership, Putnam looks forward to bringing all of its product resources to bear in helping advisors and their clients work toward their long-term investment goals.”
Reynolds added that the former head of marketing and product, Jeffrey R. Carney, who reportedly left the firm to join Charles Schwab Corp as head its retail branch network, will not be replaced. “We appreciate the many contributions Jeff made to Putnam
over the past three years and wish him all the best,” said Reynolds.
As a result, the firm’s corporate marketing, advertising and sports sponsorship programs will continue to be spearheaded by Mark McKenna. Putnam’s strategic communications efforts, including public and community relations, will continue to be led by Jon Goldstein. McKenna andGoldstein will now report directly to Reynolds.