Putnam Investments’ Sumedh Mehta Honored as Chief Information Officer of the Year


Mehta Acknowledged for Leading Electronic Transformation at Putnam, Improving Performance, Enabling New Merchandise and Laying Groundwork for Upcoming Options

BOSTON–(Business WIRE)–Putnam Investments right now congratulated Sumedh Mehta, the firm’s Chief Info Officer and a member of its Operating Committee, on becoming named a winner of BostonCIO’s 2022 CIO of the Calendar year® ORBIE® Award. For approximately 25 several years, the CIO of the Calendar year ORBIE Awards have recognized engineering executives for remarkable management.

The ORBIE Award winners are chosen by an independent peer critique process led by prior recipients of the awards. The awards honor CIOs who have shown excellence in know-how management and management success, generated business enterprise price as a result of technological know-how innovation and engaged in business and community action.

“Putnam has normally sought to be at the forefront of field technological innovation and innovation, evolving in excess of time to fulfill the altering needs of our clients and the marketplace,” reported Robert L. Reynolds, President and Chief Govt Officer, Putnam Investments. “Under Sumedh’s leadership, our business has moved boldly to embrace and execute a huge-sweeping electronic transformation.

“He is a deserving recipient of the CIO of the Yr ORBIE Award, and on behalf of our entire organization, I wholeheartedly congratulate him,” Reynolds noted.

Considering the fact that signing up for Putnam in 2015 as its CIO, Mehta has been responsible for modernizing all areas of the company’s techniques infrastructure and application growth. He led the firm’s adoption of electronic systems throughout many small business lines and functions on a few continents to satisfy the evolving desires of customers and the in general group.

Importantly, the know-how get the job done has enabled the firm’s investment decision teams to bring new goods, this sort of as active ETFs, to market place in record time employing cloud computing. In addition, the development of automation has improved Putnam’s performance and authorized the corporation to improved deploy methods to satisfy strategic goals.

In addition to taking part in a essential leadership position in just Putnam, Mehta has been deeply concerned in professional and community pursuits in the Larger Boston spot. In particular, he has been involved with the area’s growing monetary engineering industry, like serving as a founding member of the nonprofit MassChallenge FinTech advisory board and primary the enhancement of the Fintech Exchange as element of the FinTech Hub.

About Putnam Investments

Started in 1937, Putnam Investments is a world money management organization with around 80 decades of financial investment working experience. At the close of April 2022, Putnam had $180 billion in assets under management. Putnam has offices in Boston, London, Munich, Tokyo, Singapore and Sydney. For extra info, check out putnam.com.


Putnam Media Contacts
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