Putnam appoints a top executive

Putnam Investments has appointed William T. Connolly as head of global distribution.

Connolly, who will have responsibility for the Boston money management firm’s retail, North American institutional, and international distribution activities, has been with the firm since 1999.

On Friday, Putnam reported the completion of its sale to a subsidiary of Power Financial Corp. of Canada, a diversified management and holding company.

Earlier this year, Power agreed to pay $3.9 billion to buy Putnam from Marsh & McLennan Cos., of New York.
(By Chris Reidy, Globe staff)