Putnam Investments Names Kaitlin M. May to Lead Global Institutional Business

BOSTON, April 21, 2021 – Putnam Investments today announced that Kaitlin M. May will assume the role of Head of Putnam Global Institutional Management (PGIM) effective July 1, upon the retirement of Jeffrey L. Gould.

May, who is Chief Operating Officer of 37 Capital, Putnam’s alternatives business, will be responsible for overseeing the firm’s institutional asset management business, which serves investors and clients in North America, Europe, Asia and Australia. Based in Boston, she will report directly to Putnam CEO Robert L. Reynolds and serve on the firm’s Operating Committee.

photo of Kaitlin May

“Kaitlin is a talented, thoughtful leader with deep industry knowledge and experience serving global clients,” explained Reynolds. “As an organization, we see tremendous opportunity to build upon the meaningful progress and momentum that we have seen in our institutional business in recent years – and are excited about the vision and passion that Kaitlin will bring in addressing client needs around the globe.”

May will continue her responsibilities for 37 Capital and will additionally oversee Putnam’s Japan business and the firm’s Institutional Affiliates business.

In discussing Gould’s retirement, Reynolds noted, “Throughout his 23 years at Putnam, Jeff has been an outstanding leader and ambassador with all of the firm’s key stakeholders. One of the true hallmarks of his tenure has been always placing the client first. We wish him the very best in his future endeavors.”
Reynolds indicated that May will work closely with Gould in the coming weeks to ensure a seamless leadership transition.

About Kaitlin May

Before joining Putnam in September 2019, May held several roles spanning nine years with Apollo Global Management’s Global Client & Product Solutions Division, most recently as Managing Director, Head of Structuring and Product Creation from 2017-2019. She also served as a Product Specialist from 2011-2019 and as Chief Operating Officer from 2010-2017.

Previously, May served as Chief Operating Officer of Citi Property Investors, the real estate investment division within Citi Alternative Investments. Earlier, she worked at Citigroup, Inc. in the firm’s Strategy and Business Development Group. May began her career at Salomon Smith Barney as a financial analyst in the Financial Institutions Group of the Investment Banking Division, working in London and New York City. She earned a Bachelor of Arts degree in Genetics, Cell and Developmental Biology, cum laude, from Dartmouth College and an MBA from the Stanford Graduate School of Business.

About Putnam Global Institutional Management

Putnam Global Institutional Management serves the investment management needs of a wide array of institutions, including corporate pensions, sovereign wealth funds, insurance companies, endowments and foundations, and public and government plans. In total, Putnam manages approximately $98 billion in institutional assets as of March 31, 2021.

About 37 Capital

37 Capital is a global alternative asset management business, affiliated with Putnam Investments, providing investment solutions across equities and credit. Portfolio managers employ an opportunistic investment approach that combines intensive fundamental research with a consistent focus on downside protection.

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 March 2021, Putnam had $193 billion in assets under management. Putnam has offices in Boston, London, Frankfurt, Tokyo, Singapore and Sydney. For more information, visit putnam.com.