BOSTON--(BUSINESS WIRE)--Putnam Investments today announced the appointment of Jeffrey L. Gould as Head of Putnam Global Institutional Management, responsible for overseeing the firm’s institutional asset management business, which serves investors and clients in North America, Europe, Asia and Australia. Based in Boston, Gould will report directly to Putnam Investments President and CEO Robert L. Reynolds and will join the firm’s operating committee.
Gould, age 54, will be joining Putnam from Lazard Asset Management, where he has served as Managing Director, Head of U.S. Institutional Marketing, leading the firm’s institutional sales and marketing efforts, including working with institutional consultants.
“Putnam has been actively working with the institutional marketplace for several decades in serving the vast and evolving needs of corporate and public clients, as they seek strong, sustained investment performance, modern strategies to best protect and advance portfolios, ongoing insight on the markets, and superior service,” said Reynolds. “In bringing aboard a savvy, industry leader like Jeff Gould to take the helm of this important business, we are confident that Putnam’s presence and impact in the institutional arena will only continue to grow.”
Reynolds indicated that Gould will be joining Putnam at a time when interest has significantly increased in the firm’s various institutional investment strategies, including multi-asset absolute return, unconstrained fixed-income, and domestic and international equities. In total, Putnam and affiliates manage approximately $75 billion in institutional assets as of June 30, 2014.
Over the past year, the firm has further bolstered key talent and resources to best address client needs, including: providing breadth to the firm’s sales and consultant relations teams, bringing dedicated focus to serving the endowments and foundations market, and continuing to provide an array of investment strategies designed to help meet the unique and complex challenges facing institutional clients today.
Background on Jeffrey L. Gould
Prior to joining Lazard Asset Management LLC, Gould was Managing Director and Global Head of Distribution for Citigroup Alternative Investments, where he was responsible for sales and distribution for institutional clients. Earlier, he served as president of Renaissance Institutional Management.
From 1988 to 2005, Gould held a series of senior positions with increasing responsibility within the institutional business at Putnam Investments, culminating with serving as Managing Director, Head of Institutional Distribution. In addition to developing distribution strategies for the business, Gould oversaw client service programs, product development and consultant relations.
Earlier in his career, Gould held institutional sales positions at Citicorp Investment Management and Value Line Asset Management.
About Putnam Global Institutional Management
Through offices in North America, Europe, Australia and Asia, Putnam currently has relationships with more than 100 institutional clients worldwide. Putnam offers more than 50 institutional strategies for clients including multi-asset absolute return and alternative fixed income and equity products. Putnam’s clients include some of the world’s largest sovereign wealth funds, endowments and foundations, government pension funds, the defined benefit retirement plans of large corporations and other institutions.
About Putnam Investments
Founded in 1937, Putnam Investments is a global money management firm with over 75 years of investment experience. In February 2014, for the third time in five years, the firm was named one of the top two mutual fund families by Lipper/Barron’s based on the firm’s performance across asset classes in the previous year. In 2014, Putnam also ranked #2 out of 55 fund families for its performance over the past five years. At the end of June 2014, Putnam had $159 billion in assets under management. Putnam has offices in Boston, London, Frankfurt, Beijing, Tokyo, Singapore and Sydney. For more information, visit http://www.putnam.com.
