Deals & People February 3, 2009

Evercore Asset Management Adds Core Equity Team

Evercore Asset Management, LLC (EAM), an institutional money manager specializing in small- and mid-cap equities, announced the addition of a small- and mid-cap core team to the firm.
Reported by

The five new members of the investment team, effective February 1, are: Christopher J. Fasciano, CIO of Core Equities; Timothy D. Buckley, portfolio manager; and Senior Research Analysts Michael P. Evans, Susan S. Hager, and Ray Lewis. According to an announcement, the new members of EAM have worked together for more than a decade, most recently as the small- and mid-cap core equity team at Angelo Gordon Asset Management.

The new team will operate independently out of Boston and will be supported by EAM’s client service, operations, trading, and compliance infrastructure. Team members will report to said Greg Sawers, CEO and co-founder of EAM.

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Deals & People February 3, 2009

Putnam Names Fidelity Alum as DC Business Leader

Putnam Investments has named Edmund F. Murphy III, a 25-year industry veteran, as managing director and head of Defined Contribution.
Reported by

In his new role, Murphy will drive Putnam Investments’ defined contribution retirement plan business, reporting directly to Head of Global Marketing and Products Jeffrey R. Carney, according to a press release (see “Fidelity Alum Carney Joins Reynolds at Putnam’).

Most recently, Murphy served as executive vice president of distribution for Personal and Workplace Investing (PWI) at Fidelity Investments. From 2003 to 2007, Murphy was executive vice president of Fidelity Institutional Retirement Services Company with responsibility for its Emerging Corporate Market (ECM) business.

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Murphy previously served as managing director of Fidelity Capital, Fidelity Investments’ private equity and new business development arm, and also served as president and CEO of Veritude, LLC, a contingent staffing firm owned by Fidelity.

Murphy began his career with Merrill Lynch.

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