John F. Boneparth, head of global institutional management at Putnam Investments, will retire, according to Putnam President and CEO Charles "Ed" Haldeman. Mr. Boneparth will remain with the firm until at least September, said Mr. Haldeman. "John has done a great job in building out the business," said Mr. Haldeman. "The position has required a huge amount of travel around the world, and he has spent a great deal of time expanding the business in a number of regions such as Japan, Australia, Germany and London. It's been a very high-energy job and he has excelled in the position." Mr. Boneparth will not be directly replaced, said Mr. Haldeman. Sandra C. Whiston, head of institutional management, and Jeffrey F. Peters, head of the firm's alliance business, who reported to Mr. Boneparth, will now report to Mr. Haldeman. Mr. Boneparth became head of global institutional management last June. He has been with the firm since 1992 and was given responsibility for the distribution, product development and marketing of Putnam strategies for institutional clients following the June 2004 resignation of John Brown, former senior managing director and head of institutional management. Mr. Boneparth was not available for comment. Putnam has $196 billion in assets under management, of which $64 billion is institutional.