In Walter Donovan, we are bringing aboard an investment chief of extraordinary talent and experience, who will take the lead in driving continued improvement in investment results for Putnams clients and shareholders, said Robert L. Reynolds, president and chief executive officer of Putnam. Given the challenges and opportunities provided by todays market environment, we sought, and now have, a distinguished industry veteran to lead our investment team as we create a performance-driven culture for a new era at Putnam.
Donovan joined Fidelity in 1995 as director and head trader of taxable fixed income. He has held a number of key positions with Fidelity, including executive vice president and head of equity research. He also worked as a director on the corporate debt trading desk at