Sipple will be responsible for overseeing the firm’s equity, fixed income and global asset allocation product management and development teams in their work providing investment management offerings to the retail, institutional and retirement markets.
Effective immediately, the Putnam investment product teams, product development and strategy team, and product initiatives team will all report to Sipple, a 25-plus year industry veteran. In addition to his new role, Sipple, who joined Putnam in 2009, will continue to oversee Putnam’s strategic relationship function, which works with the asset management research platforms of major U.S. financial services firms. Sipple continues to report to William T. Connolly, head of Global Distribution.
According to Robert L. Reynolds, president and CEO of Putnam Investments, the firm’s corporate marketing, advertising and sports sponsorship programs will continue to be spearheaded by Mark McKenna. Putnam’s strategic communications efforts, including public and community relations, will continue to be led by Jon Goldstein. McKenna and Goldstein will now report directly to Reynolds.
Reynolds noted that head of Marketing and Product, Jeffrey R. Carney, will be leaving the firm to pursue other opportunities and that his role will not be replaced. (see “Schwab Hires Carney to Head Retail Branch Network”).