Putnam Investments has created a new leadership structure for its fixed income investment operations. D. William Kohli, Michael V. Salm and Paul D. Scanlon, are now co-heads the firm's fixed income team of over 60 investment professionals, who manage nearly $60 billion in assets.

Kohli, Salm, and Scanlon, who will report directly to Walter C. Donovan, Putnam's chief investment officer, previously were team leaders for portfolio construction and global strategies, liquid markets, and U.S. high yield, respectively.

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