F.L. Putnam Investment Management Company Names R. Thomas Manning, Jr. as CEO and President

John Carberry to Retire as President

Dec 10, 2015, 09:52 ET from F.L. Putnam Investment Management Company

WELLESLEY, Mass., Dec. 10, 2015 /PRNewswire/ -- F.L. Putnam Investment Management Company ("F.L. Putnam"), an independent registered investment advisor with $1.4 billion in assets under management, has appointed R. Thomas Manning, Jr. to Chief Executive Officer and President. He succeeds John V. Carberry, the firm's President, who is retiring from his role after fifteen years with the firm. Mr. Carberry will continue with the firm in an advisory role in 2016.

Mr. Manning has more than twenty-five years of experience in leadership positions in the investment management industry. Most recently he was Chief Investment Officer and a member of the Executive Committee at Boston Private Wealth LLC, the wealth management division of Boston Private Bank & Trust Company, which manages and advises on more than $8 billion in assets. Prior to Boston Private Wealth, Mr. Manning served as CEO and Chief Investment Officer at Silver Bridge Advisors. Previously, he was Managing Director of Portfolio Advisory Services for Bank of America where he oversaw 60 portfolio managers and $26 billion in assets for the Private Banking division. He received an MS in finance from the Boston College Carroll School of Management and a BA from Clark University.

"F.L. Putnam has an exceptional history, a strong investment track record and a reputation for delivering a very high level of client service.  I am honored to have the opportunity to join this extremely talented team of investment and financial services professionals and to lead the firm into its next stage of growth," commented Tom Manning.

David Putnam, President of F.L. Putnam Securities Company, the parent company of F.L. Putnam said, "We are grateful for John's solid leadership over the past fifteen years. He helped build F.L. Putnam into a leading investment management firm that is truly dedicated to achieving the goals of the institutions and families we advise. We look forward to continuing our growth under the guidance of Tom Manning, a proven leader, who has successfully served in many senior roles throughout the investment industry."

"We are excited to move ahead with a number of key firm initiatives including a Financial Planning practice and a New Technology Platform, which will better educate our clients on the various facets of their financial landscape," said Ellen Flaherty, Chief Operating Officer at F.L. Putnam.

About F.L. Putnam Investment Management Company
F.L. Putnam Investment Management Company (F.L. Putnam) is an independent registered investment advisor with $1.4 billion in assets under management. We have decades of experience providing a broad range of investment management services to non-profit institutions, high-net-worth individuals and families throughout the U.S. and abroad. Our investment philosophy is centered on the belief that in-depth, rigorous bottom-up research coupled with top down macroeconomic analysis are the foundation of a sound long-term portfolio strategy. We utilize an asset allocation framework, employ proprietary global equity and fixed income strategies and integrate analysis of environmental, social and governance factors (ESG), a strong core competency for the firm, to construct portfolios that meet each client's financial objectives and risk tolerance. We are headquartered in Wellesley, MA with offices in Portland, ME and Portsmouth, NH. For more information, visit www.flputnam.com.

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SOURCE F.L. Putnam Investment Management Company