Steven McKay has been named national sales manager for adviser-sold defined contribution at Putnam Investments, confirmed Laura McNamara, a spokeswoman for Putnam.
Mr. McKay, who started his new job Oct. 14, succeeded James Brockelman, who left Putnam “to pursue other opportunities,” according to a Putnam news release issued Tuesday. Mr. Brockelman could not be reached for comment.
Mr. McKay joined Putnam in 2011 as a regional 401(k) business director responsible for the Northeast, the news release said. Ms. McNamara said “an active search is underway” to find a replacement for Mr. McKay.
