Putnam, LLC

Type: Subsidiary
On the web: http://www.putnam.com

One of the world's largest mutual fund administrators, Putnam (aka Putnam Investments) provides investment management for institutional and individual customers, offering around 80 mutual funds, as well as 401(k) plans and IRAs. It has agreements with Allstate and The Hartford to sell variable annuities. Putnam offers its products through independent brokers, dealers, financial planners, banks, and retirement plans. Founded in 1937, Putnam has more than $110 billion of assets under management in some 5 million shareholder accounts. Putnam is a subsidiary of insurer Great-West Lifeco (itself a subsidiary of Power Corporation of Canada), which bought Putnam from Marsh & McLennan for nearly $1 billion in 2007.

Officers:
Chairman: John A. Hill
President, CEO and Trustee: Robert L. (Bob) Reynolds
CFO and Senior Managing Director: Clare S. Richer

Competitors:
FMR
MFS
The Vanguard Group