Putnam Investments honored for service excellence by DALBAR for 27th consecutive year

BOSTON, December 14, 2016Putnam Investments announced today that for the 27th consecutive year, it has been honored by DALBAR for mutual fund service quality, reflecting industry-leading consistency and reliability. This continuous acknowledgement of Putnam’s work in this area includes being named DALBAR Mutual Fund Service Award winner for 25 years and the sole winner of DALBAR’s Total Client Experience Award for the past five years.

“Delivering industry-leading service has long been a hallmark of Putnam’s brand and culture,” said Putnam President and Chief Executive Officer, Robert L. Reynolds. “It is for this reason that our entire organization is always so proud to receive this important DALBAR honor.”

For nearly three decades, DALBAR has conducted rigorous, systematic and yearlong testing of customer service based on industry benchmarks, and pointed to service that eclipses industry standards in the most important areas. The DALBAR Service Awards are given annually by DALBAR, Inc., a leading financial services market research and consulting firm to elite service providers.

In discussing the DALBAR achievement, Putnam’s Chief of Operations Michael J. Woodall added, “Service has long been at the core of our value-add offering to clients and is an area that we continue to enhance through technological advancements, thoughtful innovation and unyielding focus across our company. Putnam is very honored to be recognized by DALBAR for an achievement that speaks to our strong commitment to providing the highest levels of service.”

DALBAR, Inc. is the financial community’s leading independent expert for evaluating, auditing and rating business practices, customer performance, product quality and service. Launched in 1976, DALBAR has earned a reputation for consistent and unbiased evaluations of investment companies, registered investment advisers, insurance companies, broker/dealers, retirement plan providers and financial professionals. DALBAR awards are recognized as marks of excellence in the financial community.

Putnam Investments names equity research leadership

BOSTON, December 1, 2016Putnam Investments today announced the appointments of Samuel Cox and Kathryn B. Lakin as Co-Directors of Equity Research, roles in which they will directly oversee the work of nearly 35 analysts who cover every major industry, providing critical fundamental research and analysis for the firm’s broader equity platform. Cox and Lakin will report to Aaron M. Cooper, Chief Investment Officer – Equities, who previously served as Director of Global Equity Research.

“As a firm that is highly committed to delivering active management to the marketplace, equity research remains a key engine in finding new and different sources of investment opportunity,” said Cooper. “We are pleased to have Kate and Sam, talented leaders with solid equity research experience, piloting this important function for our organization.

Cooper indicated that one of the distinguishing features of Putnam’s research structure is that a number of research analysts at the firm also serve as portfolio managers, bringing deep sector expertise to bear in an array of mutual fund and institutional strategies for clients.

Cox has been an analyst in Global Equity Research at Putnam, focusing on the U.S. health care sector. In addition, he serves as a portfolio manager of Putnam Global Health Care Fund and Putnam Global Sector Fund — and will join Putnam Research Fund team. He will retain his analyst and portfolio management responsibilities in his new position.

Prior to joining Putnam in 2012, Cox was an Equity Analyst at Pyramis Global Advisors. Earlier, he held positions with the Rock Creek Group and Cambridge Associates. Cox holds a B.A. degree in Politics, Philosophy, Economics and Urban Studies from the University of Pennsylvania and an MBA from the Massachusetts Institute of Technology’s Sloan School of Management

Previously, Lakin was Assistant Director of Global Equity Research at Putnam. She has served as a portfolio manager of Putnam Research Fund since December 2014, a responsibility that will continue. In addition, Lakin will join the portfolio management team of Putnam Global Sector Fund. In recent years, Lakin has also managed a group of analysts and investment associates, as well as the Equity Associate and MBA internship programs. Prior, she was an analyst in the U.S. Large Cap Equity Research group, covering consumer staples

Lakin joined Putnam in 2012 from Fidelity Investments, where she held positions in Equity Research. She received a B.A. degree in psychology from Wellesley College and is an MBA candidate in asset management at the Yale School of Management

About Putnam Global Institutional Management
Through offices in North America, Europe, Australia and Asia, Putnam currently has relationships with more than 100 institutional clients worldwide. Putnam offers more than 50 institutional strategies for clients including multi-asset absolute return and alternative fixed income and equity products. Putnam’s clients include sovereign wealth funds, endowments and foundations, government pension funds, the defined benefit retirement plans of large corporations and other institutions