|[May 25, 2022]|
Putnam Investments today congratulated Sumedh Mehta, the firm’s Chief Information Officer and a member of its Steering Committee, on being named the winner of BostonCIO’s 2022 CIO of the Year® ORBE® Award. For nearly 25 years, the CIO of the Year ORBIE Awards have recognized technology executives for outstanding leadership.
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Putnam Investments Chief Information Officer Sumedh Mehta was honored with the Boston CIO’s 2022 CIO of the Year Orby Award. (Photo: Business Wire)
ORBIE Award winners are selected through an independent peer review process led by former recipients of the award. 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 Investments President and CEO Robert L. Reynolds said, “Putnam has always sought to be at the forefront of industry technology and innovation, which is evolving over time to meet the changing needs of our customers and markets. is.” “Under Sumedh’s leadership, our firm has grown boldly forward to embrace and execute a much broader digital transformation.
“He is a deserving recipient of the CIO of the Year ORBEE Award, and on behalf of our entire firm, I congratulate him wholeheartedly,” Reynolds said.
Since joining Putnam as its CIO in 2015, Mehta has been responsible for modernizing all aspects of the company’s systems infrastructure and application development. He led the adoption of digital technologies across multiple business lines and operations on three continents to meet the evolving needs of customers 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 holding a key leadership role within Poonam, Mehta has been deeply involved in professional and community activities in the Greater Boston area. In particular, he has been involved in the region’s growing fintech industry, including serving as a founding member of the non-profit Mass Challenge Fintech Advisory Board and leading the development of fintech exchanges as part of the Fintech Hub. .
About Putnam Investments
Established in 1937, Putnam Investments is a global wealth management firm with over 80 years of investment experience. At the end of April 2022, Poonam had $180 billion in assets under management. Poonam has offices in Boston, London, Munich, Tokyo, Singapore and Sydney. visit for more information putnam.com,
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