MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, November 11, 2004 Marsh: Putnam is Not for Sale Marsh & McLennan and Putnam executives are denying that the Boston money manager is up for sale, reported the Boston Globe. Michael Cherkasky, chief executive officer of Marsh, told employees in a conference call that he ''emphatically [had] no intention of selling any one of our three pieces of business," reported the Boston Globe. Meanwhile, Putnam's head Charles Haldeman Jr. told the Globe "[t]here are no discussions going on with anybody, by senior management, about any change in ownership…[w]e are part of the MMC companies and they have been loyal to us when we had a difficult period, and we're very happy where we are." Printed from: MFWire.com/story.asp?s=8426 Copyright 2004, InvestmentWires, Inc. All Rights Reserved |