Columbia Management Brings on Ex-Putnam Exec

September 4, 2002 ( - A former senior money manager at Putnam Investments has been tapped to head the active equity management operation at FleetBoston Financial Corp.'s money management unit.

Fleet Boston announced that Colin Moore, 44, would direct portfolio managers overseeing about $70 billion in actively managed equity assets at Fleet’s Columbia Management Group, Dow Jones reported.

Moore will be based in Boston and will report to Columbia’s managing director in charge of equities Roger Sayler.

Never miss a story — sign up for PLANSPONSOR newsletters to keep up on the latest retirement plan benefits news.

For the past two years, Moore was chief investment officer for Putnam’s international equities team and associate director of research. While there, he oversaw $3 billion in assets as well as 29 analysts and five fund managers, Dow Jones said.

The unit has about 103 funds now, and Mr. Moore told Dow Jones that the company may consolidate some of them.

He added that Columbia has also said it is interested in beefing up its team of 14 analysts, possibly hiring as many as six more.

Columbia Management Group has $160 billion in assets under management, including $50 billion in mutual-fund assets.