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Deals and People September 4, 2002
Columbia Management Brings on Ex-Putnam Exec
September 4, 2002 (PLANSPONSOR.com) - A former
senior money manager at Putnam Investments has been tapped to
head the active equity management operation at FleetBoston
Financial Corp.'s money management unit.
Reported by Fred Schneyer
Fleet Boston announced that Colin Moore, 44, would direct portfolio managers overseeing about $70 billion in actively managed equity assets at Fleet’s Columbia Management Group, Dow Jones reported.
Moore will be based in Boston and will report to Columbia’s managing director in charge of equities Roger Sayler.
For the past two years, Moore was chief investment officer for Putnam’s international equities team and associate director of research. While there, he oversaw $3 billion in assets as well as 29 analysts and five fund managers, Dow Jones said.
The unit has about 103 funds now, and Mr. Moore told Dow Jones that the company may consolidate some of them.
He added that Columbia has also said it is interested in beefing up its team of 14 analysts, possibly hiring as many as six more.
Columbia Management Group has $160 billion in assets under management, including $50 billion in mutual-fund assets.