Mehta Recognized for Leading Digital Transformation at Putnam, Improving Efficiency, Enabling New Products and Laying Groundwork for Future Opportunities
BOSTON–(BUSINESS WIRE)–Putnam Investments today congratulated Sumedh Mehta, the firm’s Chief Information Officer and a member of its Operating Committee, on being named a winner of BostonCIO’s 2022 CIO of the Year® ORBIE® Award. For nearly 25 years, the CIO of the Year ORBIE Awards have recognized technology executives for outstanding leadership.
The ORBIE Award winners are selected by an independent peer review process led by prior recipients of the awards. The awards honor CIOs who have demonstrated excellence in technology leadership and management effectiveness, generated business value through technology innovation and engaged in industry and community activity.
“Putnam has always sought to be at the forefront of industry technology and innovation, evolving over time to meet the changing needs of our clients and the marketplace,” said Robert L. Reynolds, President and Chief Executive Officer, Putnam Investments. “Under Sumedh’s leadership, our firm has moved boldly to embrace and execute a wide-sweeping digital transformation.
“He is a worthy recipient of the CIO of the Year ORBIE Award, and on behalf of our entire firm, I wholeheartedly congratulate him,” Reynolds noted.
Since joining Putnam in 2015 as its CIO, Mehta has been responsible for modernizing all aspects of the company’s systems infrastructure and application development. He led the firm’s adoption of digital technologies across multiple business lines and operations on three continents to meet the evolving needs of clients and the overall organization.
Importantly, the technology work has enabled the firm’s investment teams to bring new products, such as active ETFs, to market in record time using cloud computing. In addition, the development of automation has improved Putnam’s efficiency and allowed the company to better deploy resources to meet strategic objectives.
In addition to playing a vital leadership role within Putnam, Mehta has been deeply involved in professional and community activities in the Greater Boston area. In particular, he has been involved with the area’s growing financial technology industry, including serving as a founding member of the nonprofit MassChallenge FinTech advisory board and leading the development of the Fintech Exchange as part of the FinTech Hub.
About Putnam Investments
Founded in 1937, Putnam Investments is a global money management firm with over 80 years of investment experience. At the end of April 2022, Putnam had $180 billion in assets under management. Putnam has offices in Boston, London, Munich, Tokyo, Singapore and Sydney. For more information, visit putnam.com.
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