D. William Kohli, chief investment officer of fixed income at Putnam Investments, will retire on June 30, 2021, company spokesman Jon Goldstein confirmed in an email.
Michael Salm was named co-CIO of fixed income at Putnam. He will work alongside Mr. Kohli overseeing the firm's $75 billion fixed-income business and become sole fixed-income CIO in mid-2021.
Mr. Salm was a fixed-income portfolio manager at Putnam.
Putnam Investments had $180 billion in assets under management as of Aug. 31.