Putnam Names National DC Sales Manager

Putnam Investments appointed Steven McKay as national sales manager for its adviser-sold defined contribution business.

McKay replaces James Brockelman, who decided to leave the firm, in the Boston-based position. He will report to Edmund Murphy III, head of Putnam Investments’ defined contribution business.

Before joining Putnam Investments, McKay held senior positions at The Hartford Retirement Plans Group and MFS Investment Management & Retirement Services.  

McKay will likely soon be joined by an additional regional 401(k) director as the firm looks to continue expanding its presence in the defined contribution space in response to growing demand and traction in the marketplace.