Putnam Investments has promoted two executives within its global distribution team, naming Joseph T. Phoenix and Catherine A. Saunders head of registered investment advisor business. Both have been with the company for more than 20 years. The two will continue to report to William T. Connolly, head of global distribution.

Phoenix has headed up international institutional efforts since 2006 but will now also oversee North America, taking over from Saunders, who had overseen this business since 2007.

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