Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Haldeman is Locked Up for Two More Years Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, May 12, 2008

Haldeman is Locked Up for Two More Years

Reported by Erin Kello

Putnam's Ed Haldeman will be staying on for at least another two years. In a recent interview with the Boston Globe, Haldeman told Fidelity chaser Ross Kerber that his new contract will run through 2010.

"We have all decided that the best thing for Putnam is for me to stay," Haldeman told Kerber. "We have more work to do."
Ed Haldeman
Putnam Investments
Pres & CEO


Some see it in a different light, an industry consultant told the MFWire that Great-West had not been actively seeking a replacement for Haldeman as time was ticking away. Great-West could then not afford to let Haldeman go for the fear that people would see the lack of a strong candidate to take over as evidence of more instability at the company.

Putnam has been losing AUM since 2001 when it was caught up in the mutual fund scandals, though the pace of outflows has slowed recently. A handful of portfolio mangers and executives have also decided to leave the company after options they received in the Power deal vested.

It has also been widely reported that Power is losing patience with its new toy and may consider buying another company with its newly valuable Canadian currency and rolling Putnam into it, thus eliminating the troubled Putnam brand.

In a speech in Montreal last month, however, Power Financial CEO Jeffrey Orr said the turnaround of Putnam is on track, it's the markets that are not cooperating.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use