Putnam Investments, the global money management firm with $193 billion in assets under management, announced Wednesday that Kaitlin M. May will become the new head of Putnam Global Institutional Management on July 1, when Jeffrey L. Gould, the current head, retires.
May currently serves as chief operating officer of 37 Capital, Putnam's alternatives business. In her new role, she will oversee the firm's institutional asset management business, serving North America, Europe, Asia and Australia.
In addition, she will continue her responsibilities for 37 Capital as well as oversee the firm's Japan business. PGIM manages about $98 billion in institutional assets.
"Kaitlin is a talented, thoughtful leader with deep industry knowledge and experience serving global clients," Putnam CEO Robert L. Reynolds said in a statement. May will report to Reynolds and will also serve on the firm's operating committee.
