Robert L. Reynolds (74 BS)
Robert L. Reynolds, a native of Clarksburg, W.Va., graduated from the West Virginia University College of Business and Economics in 1974 with a bachelor’s degree in business administration, majoring in finance.
Mr. Reynolds is President and Chief Executive Officer of Putnam Investments, a member of Putnam Investments’ Executive Board of Directors, and President of the Putnam Funds. He has more than 30 years of investment and financial services experience. Prior to joining Putnam in 2008, he was Vice Chairman and Chief Operating Officer of Fidelity Investments.
Mr. Reynolds was named Fund Leader of the Year at the Mutual Fund Industry Awards in 2010, in recognition of a series of strategic changes he has implemented to improve investment performance and position Putnam as an industry leader. He has restructured the money management process, overseen the development of a more investor-friendly fee structure, introduced new products, and revitalized Putnam’s commitment to the defined contribution business. Known for his innovation and thought leadership, he has spoken out on retirement savings reform, calling for a new generation of workplace savings plans.
Over more than 20 years, Mr. Reynolds has been an architect of the modern retirement industry by popularizing employer-sponsored 401(k) plans. In 2005, Mr. Reynolds received a Lifetime Achievement Award from PLANSPONSOR magazine for his contributions to the retirement services industry. Under his leadership, Putnam was named the inaugural recipient of the Retirement Leader of the Year award at the 18th Annual Mutual Fund Industry Awards in 2011 for its initiatives and innovative solutions in the workplace savings arena.
Mr. Reynolds currently serves on several not-for-profit boards, including those of West Virginia University Foundation, serving as chairman, Concord Museum, Dana-Farber Cancer Institute, and the Initiative for a Competitive Inner City in Boston.
He is a member of the Chief Executives Club of Boston, the National Innovation Initiative, and the Council on Competitiveness, and he is a former president of the Commercial Club of Boston.
Among many awards and recognitions, Mr. Reynolds received an Honorary Doctorate in Business Administration from West Virginia University and a President’s Medal of Excellence from Boston College.