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Deals and People August 2, 2010
Tyrie to Lead Personal Retirement Unit at Bank of America Merrill Lynch
August 2, 2010 (PLANSPONSOR.com) – David Tyrie has left Putnam Investments for a big new assignment at Bank of America Merrill Lynch.
Reported by Nevin E. Adams
According to an announcement, Tyrie will lead the Personal Retirement Solutions group there, reporting directly to Andy Sieg, who joined the firm in 2009 (see Andrew M. Sieg Named to BofA Executive Post).
Tyrie will be responsible for delivering personal retirement solutions in partnership with Merrill Lynch Wealth Management, Merrill Edge, the Consumer Bank and the firm’s Institutional Retirement business focusing on individual retirement income solutions, retirement education and planning, IRA products and rollover process, employee advice solutions and 529 plan products
He joins the firm from Putnam Investments where he most recently served as Managing Director, Global Products and Marketing. In that role he was responsible for product management and marketing within Putnam’s Retirement Services business, including 401(k), Taft Hartley, IRA rollover, brokerage, and investment only business lines. Prior to that, he also served as a Managing Director of Putnam’s Corporate Internet Strategy, responsible for the businesses development and implementation of advanced product and service delivery and digital strategies.
Prior to joining Putnam, he held various roles with Fidelity Investments and MFS.
Sieg noted, “David’s seasoned and unique experience with both Personal and Institutional Retirement businesses and proven leadership skills will further strengthen our current momentum. His addition to our organization builds on the integrated foundation we have in place for our Personal Retirement platform and will help us to capture and drive considerable growth in this client segment”.