Jaroch replaces Bartlett R. Geer, who will be leaving the firm to pursue other opportunities.
Jaroch has been with Putnam since 1999. He produced strong performance records while managing Putnam International Value Fund, global and international equity institutional portfolios. He will continue to manage this fund, as well as his existing global and institutional portfolios.
He previously managed the Putnam Global Equity Fund.
“Under Darren’s stewardship, Putnam Equity Income Fund will continue to provide advisers and their clients with a compelling, value-oriented investment product, that includes a strong dividend-paying component to help them pursue their long-term investment goals,” said Walter C. Donovan, chief investment officer, Putnam Investments.