Putnam Takes on Portfolio Managers from American Century

Sullivan and Brookby’s responsibilities will include Putnam Investors Fund, Putnam Tax Smart Equity Fund, and Putnam Capital Appreciation Fund, according to a release. They join Putnam from American Century Investments, where they managed the American Century Fundamental Equity fund.

Prior to American Century, Sullivan was a portfolio manager for the Franklin Templeton Group, and previously a portfolio manager with SunAmerica Asset Management.

In previous roles, Brookby was an analyst for the American Century Giftrust, Heritage, and Vista portfolios, and had been an equity research analyst at Raymond James Financial.

Sullivan will start at Putnam in late June, and Brookby will join Putnam in early September.

Richard Cervone, a portfolio member of U.S. Core Equity, will be leaving Putnam.