Putnam Investments has appointed Kaitlin M May as Head of Putnam Global Institutional Management (PGIM) effective 1 July, 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.
“Kaitlin is a talented, thoughtful leader with deep industry knowledge and experience serving global clients,” says Reynolds. “As an organisation, 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 says: “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 endeavours.”
Reynolds says that May will work closely with Gould in the coming weeks to ensure a seamless leadership transition.