A Putnam news release said the 46-year-old Carney, who comes to Putnam from the Bank of America, will assume his new duties October 27.
According to the announcement, Carney will be responsible for Putnam’s Defined Contribution Business, Global Product Management, Public and Government Relations, Global Marketing, and Marketing Communications.
“This new role at Putnam acknowledges the outstanding opportunities we see for Putnam’s products and services in the global marketplace, and the need to augment our organization with a world-class, senior marketing executive,” said president and CEO Robert L. Reynolds, in the release. Reynolds served as COO at Fidelity (see Fidelity Alum Reynolds to Lead Putnam Investments).
Carney previously was president of Bank of America Retirement and Global Wealth & Investment Management Client Solutions (see BoA Names New President of Integrated Retirement Business).
Before joining Bank of America, Carney was president of Fidelity Retirement Services. Prior to this role, he served as president, Fidelity Personal Investments since 2002. He joined Fidelity in April 2001 as president, Fidelity Investments Canada.