Tim Ferguson will take on the new role of head of investments at Putnam Investments, leading both equity and fixed-income investments. He was head of equity investments. The role of Gary Coburn, former chief of fixed income for the firm, is undetermined at this time.
Also, Thomas Lucey, former head of institutional sales, will lead sales and marketing for both institutional and retail. However, William Shiebler will continue as president of Putnam Mutual Funds until he leaves the company in two to three years.
James R. Henderson joined Metropolitan West Capital Management as a principal and senior vice president. Mr. Henderson will be a portfolio manager and conduct equity research.
Mr. Henderson was a junior partner at Van Deventer & Hock; he won't be immediately replaced there, said Richard Snyders, Van Deventer's CEO