The position is new.
Mr. Matteis will start Aug. 9, overseeing global fundamental equity research for the firm, reporting to Young Chin, Pyramis’ chief investment officer.
Mr. Matteis was director of global large-cap equity research at Putnam Investments. Putnam spokesman Jon Goldstein said Putnam will conduct an internal and external search for a successor, adding that the transition won’t affect the firm’s commitment to fundamental research.
Mr. Loporchio said Mr. Matteis will help direct the continued expansion of Pyramis’ research group, which currently numbers 29 global sector analysts in Rhode Island, London and Hong Kong.