Putnam Investments announced Thursday it has hired Deidre Phillips as vice president and director of government relations.

In this role, Phillips will work closely with parent company Marsh & McLennan and be responsible for cultivating and maintaining relationships with public officials and communicating the company’s position on legislative and regulatory matters with key audiences.

Phillips previously worked as director of federal government relations at FleetBoston Financial since 1999 and was BankBoston’s representative to government officials in various capacities dating back to 1984. Phillips also has firsthand knowledge of government, as she began her career at the Congressional Budget Office.

"In Deedee, we have found a strong, experienced government relations professional who can help Putnam set priorities and develop relationships with key people at the national, state and local levels", said Ed Haldeman, Putnam CEO, in a statement.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.