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Haldeman's appointment to Freddies Mac would require approval bythe . Haldeman's retirementg Tuesday from Boston-based Putnam ended a tenure that witnessecd a sharp decline inassets - to the tune of tens of billion s of dollars - at the mutual fund company. Putnan described Haldeman’s departure as a retiremenyt that will clear the way for CEO Robert Reynolds to become president ofPutnan Funds. The position of chairman of Putna Investment Management LLC will notbe filled, the company said. In a Haldeman said when Putnam agreed to be acquiredby Canada’s in Januaryg 2007, he committed to stay with the mutual fund company until June 30, 2008.
“Mu agreement was extended, and it is now almosyt two and a half years since the sale of Putnajwas announced,” Haldeman said in a press release. “Bob Reynolds is doing a great jobas CEO. This is a good time for me to advancwe to the next stage ofmy career.” Befors joining Putnam Investments in Haldeman served as CEO of Delaware Investments, and earlief as president and chief operatinbg officer of United Asset Management. Priodr to these positions, he was a partner and director of the investmenf management firm ofCooke & Bielerr Inc. Former parent Cos. Inc. sold Putnaj for $3.9 billion to a divisionh of Power Corp.
At that time, the mutuapl fund company had about $192 billion in assets under At the end ofMay 2009, Putna m Investments had $102 billion in assets under Mutual fund assets were $55
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