BOSTON - Putnam Investments, the seventh-largest U.S. mutual fund company, has snared an executive from Chemical Banking Corp. to oversee national sales of defined contribution plans.

The fund company named Kenneth H. Montgomery managing director of its defined contributions group, the division that promotes the fund company's 401(k) retirement plans.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.