Putnam hires 2 Fidelity executives
Putnam Investments LLC has again hired from the former employer of its chief executive, appointing two Fidelity Investments managers to help run portions of its stock operations.
A former managing director of research at Fidelity, Aaron M. Cooper, will manage Putnam’s global equity research and two company funds.
And Richard Perkins, who was a portfolio manager at Fidelity, will share duties with a London-based manager as head of Putnam’s international equities division.
Putnam’s chief executive, Robert Reynolds, is the former chief operating officer of Boston-based Fidelity; since arriving at Putnam in 2008 he has filled other top positions with executives who once worked at Fidelity.
“The arrival of Aaron and [Richard] will only enhance our capabilities in key areas and further position our investments team for long-term success,’’ chief investment officer Walter C. Donovan said in a statement.