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

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

Rating:The Globe Wonders Why Execs Join Reynolds' 'Little Fidelity' Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, April 14, 2009

The Globe Wonders Why Execs Join Reynolds' 'Little Fidelity'

by: Neil Anderson, Managing Editor

Why have so many high-level ex-Fidelity execs joined Bob Reynolds' new team at Putnam. The Boston Globe's Steven Syre takes on that question in his Tuesday column and in an interview with Reynolds himself.

"We want to build the best investment organization possible and deliver performance," Reynolds told the Globe. "The growth and profitability take of itself at that point."

"That's his basic executive recruiting pitch," Syre writes. "Get in on the ground floor and it could be the most rewarding five or 10 years of your career."

Reynolds also told Syre that, while acquisitions could be possible for Putnam, he remains mostly skeptical of deals (as does Fidelity, incidentally).

"It would be foolish to say we are not going to acquire anyone at any time," Reynolds said. "If the right opportunity presented itself and it was a good fit, we'd be open to it. But it's very hard, in my 30-plus years, to point to an acquisition that has really worked well for both sides."

Syre's column follows the recent jump of Fidelity equity division chief Walter Donovan to Putnam, where he will serve as chief investment officer (see MFWire, 4/10/2009). 

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
2020: Q1
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. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use