UK- Putnam Investments has appointed Stephen Cohen as director or European sales and business development. Cohen will lead Putnam’s European institutional and retail sales efforts and will be based in London. He will report to John Boneparth, head of international business.

Cohen joins after having resigned from Zurich Scudder Investments after parent company ZFS sold Scudder’s US and Asia operations to Deutsche Bank last year. There he held the position of head of institutional business, responsible for sales, marketing and client services across Europe, the Middle East and Asia.

Putnam Investments is based in the US with head offices in Boston, London, Frankfurt, Milan and Tokyo. Putnam has $261bn of assets under management.