BOSTON, January 14, 2020 — Putnam Investments today named Scott C. Sipple as Head of Putnam Retail Management (PRM), effective immediately. Sipple will be based in Boston and report to Putnam President and CEO Robert L. Reynolds.
Sipple, who had been serving as President of Great-West Investments, will be responsible for the full breadth of Putnam’s retail mutual fund distribution business, including Regional Advisor Consulting, Relationship Management, Business Development and the firm’s Client Engagement Center. Under Sipple’s leadership, Putnam will further its efforts in addressing the evolving needs of wirehouses, regional and independent broker dealers, banks, insurance companies and RIAs across the country.
“As a firm that places its clients first and foremost every day, we are very pleased to welcome Scott back to Putnam to lead the charge in serving the broad range of asset management needs of the retail marketplace,” said Reynolds. “Scott brings extraordinary leadership experience to his new role, along with a thoughtful, results-driven approach that will ultimately help achieve successful outcomes for financial advisors and investors.
Sipple, age 57, comes to the firm having been President of Great-West Investments, where he led Empower Retirement’s efforts on investment, income and advice solutions within the retirement market.
Earlier, he served as Head of Global Investment Strategies at Putnam Investments, where his responsibilities spanned the firm’s U.S. retail, retirement and global institutional businesses. Additionally, Sipple had oversight of the investment strategies teams across equity, fixed income, and global asset allocation, as well as product development and strategy. He was also responsible for the Portfolio Solutions Group, capital markets analysis and wealth management advisory services during his 2009-2017 tenure at Putnam.
From 2004 to 2009, Sipple held leadership positions at Fidelity Investments, including heading investment consulting services and subsequently the institutional bank division, providing retirement record-keeping and investment solutions to institutional banks. Before joining Fidelity, Sipple had leadership roles at AllianceBernstein from 1998 to 2004, including overseeing Regent Investors Services, global portfolio strategy and product management, and senior portfolio management. He is a graduate of Dartmouth College.
Previously, Putnam Retail Management was led by William T. Connolly, who retired from the firm in December.
About Putnam Investments
Founded in 1937, Putnam Investments is a global money management firm with over 80 years of investment experience. At the end of December 2019, Putnam had $182 billion in assets under management. Putnam has offices in Boston, London, Frankfurt, Tokyo, Singapore and Sydney. For more information, visit putnam.com.