Deals & People November 19, 2009

Putnam Names Three to DC Sales Posts

Putnam Investments has named Alan Dumas, John Leeson, and Chris Doucet to sales posts on its defined contribution team.

Reported by

Putnam said Dumas will be based in San Francisco as vice president, with responsibility for business development. Dumas has more than 14 years of experience working with advisers in defined contribution sales, most recently as vice president, Retirement Specialist, for Fidelity Investments’ adviser-sold business. He joined Fidelity from The Principal.

Leeson joins Putnam as vice president, to work with advisers in the Southeast. He previously spent more than 13 years as a registered investment adviser with LPL Financial, working in the mid- to large-plan market.

Doucet joins the firm as senior vice president, National Accounts Director. He will be responsible for driving defined contribution full-service and investment-only sales through large broker/dealer partners. Doucet has nearly 16 years of defined contribution experience, most recently at The Hartford and previously at MFS Investment Management.

Deals & People November 19, 2009

NY Life Makes DCIO VP Appointments

New York Life Investments has appointed David Giannini, James (Val) Van Deventer, and Deborah Vince as regional vice presidents in its DCIO unit, the company announced.

Reported by

Van Deventer will work in the Southeast, Giannini in the Northeast, and Vince in the Western region and all will report to Jeff Keller, managing director of New York Life Investments’ DCIO effort, effective immediately.

Giannini joins New York Life Investments from Fred Alger Management where he most recently served as director of retirement sales strategies. Van Deventer was previously a vice president and senior retirement consultant at AllianceBernstein.

Prior to joining New York Life Investments, Vince was a vice president in the retirement plans division of Bryson Financial Group, a National Retirement Partners member firm.

Last month, New York Life Investments announced that it was planning to increase its DCIO sales staff from four to eight people to grow the firm’s DCIO assets under management from its current $2.3 billion (see “New York Life to Expand DCIO Team”).

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