Putnam Investments brings on head of sustainability strategy

Jacquelyn S. VanderBrug has joined Putnam Investments as its head of sustainability strategy, a newly created position.

Ms. VanderBrug will report to Robert L. Reynolds, Putnam’s president and CEO, and she will also join the company’s operating committee, according to a Wednesday news release.

She will be based in Boston, according to an email from a Putnam spokesman.

In her role, Ms. VanderBrug will “lead a host of key ESG-focused business functions, such as stewardship, engagement, and partnerships, and ESG strategy and integration” and she will also “work closely with an array of internal partners, including Katherine Collins, head of sustainable investing, and Catherine Saunders, head of corporate sustainability,” the release added.

Ms. VanderBrug was formerly at Bank of America, where she served as head of sustainable and impact investment strategy.

Putnam Investments had $176 billion in assets under management as of July 31. The Putnam spokesman added that the firm “currently manages approximately $7 billion in dedicated sustainable investing strategies.”

​A spokeswoman for Bank of America said by email that “Anna Snider, head of due diligence for Merrill and Bank of America Private Bank and an industry-leading expert in ESG, continues to drive and lead our ESG strategy.”