is leaving Putnam
] for Schwab
Mike Cianfrocca, a spokesman for Schwab, confirmed to The MFWire
that Carney will join at the end of March as head of Schwab's retail branch network, reporting to Andy Gill
executive vice president and co-head of Schwab Investor Services.
A spokesman for Putnam told MFWire.com
that the firm has "nothing to confirm or share."
A Fidelity veteran like Putnam chief Bob Reynolds
, Carney served as president of retirement and global wealth & investment management client solutions at Bank of America before joining Reynolds' team at Putnam in October 2008 as a senior managing director, reporting directly to Reynolds [see MFWire.com, 10/9/2008
Carney started out overseeing Putnam's defined contribution business, global product management, public and government relations, global marketing and marketing communications. Then a year ago Carney's role shifted to focus solely on products and global marketing, with DC chief Ed Murphy
now reporting directly to Reynolds [see our sister publication, The 401kWire, 3/23/2011
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