Deborah F. Kuenstner, managing director and CIO of Putnam Investments' large-cap and international value teams and portfolio leader of the Putnam Classic Equity Fund, will leave the company at year's end, said Sinead Martin, spokeswoman. Ms. Kuenstner has no immediate job plans, Ms. Martin said. Josh Brooks, Putnam's CIO of large-cap equities, will also assume responsibility for the value teams; Michael Abata and Ronald J. Bukovac, who were portfolio managers on the large-cap value team, were named co-portfolio leaders of the Putnam Classic Equity Fund.
James Conzelman was named a managing director responsible for new business development at Stanfield Capital Partners. It is a new position. Mr. Conzelman will market the firm's products, which include hedge funds and structured vehicles, to institutions, said Kevin Murphy, a managing partner at Stanfield, which manages about $17 billion, mostly in alternative investments. Mr. Conzelman was a managing director responsible for consultant relations at JPMorgan Fleming Asset Management. Gabrielle Gagliardo, a JPMorgan Fleming spokeswoman, could not say if the firm will replace Mr. Conzelman.
Kelly Young was named a quantitative portfolio manager in the London office of Northern Trust Global Investments, said Kevin Rochford, managing director of global sales and client service. Ms. Young will manage passive and enhanced equity portfolios and report to Rodney Fernandes, European head of quantitative portfolio management. Ms. Young was a portfolio manager and strategist in Barclays Global Investors' London office. Tom Taggart, a BGI spokesman, wasn't able to say if Ms. Young will be replaced.