Archive

Putnam’s Tyrie latest hire by BofA’s Sieg

Third major hire by new boss of bank's retirement services unit; two Fidelity vets joined in July

Bank of America Corp. has again added to its bench of retirement experts, this time bringing in David Tyrie, an 11-year Putnam Investments veteran.
Mr. Tyrie, 45, replaces Aimee DeCamillo as head of personal retirement services. Ms. DeCamillo left BofA in April, and has joined T. Rowe Price Inc.
Mr. Tyrie, who begins his new job at the end of the month, will report to Andy Sieg, head of retirement and philanthropic services, according to an internal memo. Most recently at Putnam, Mr. Tyrie was a managing director focused on defined-contribution products and marketing.
“David’s seasoned and unique experience with both personal and institutional retirement businesses, and proven leadership skills will further strengthen our current momentum,” Mr. Sieg wrote in the memo. “His addition to our organization builds on the integrated foundation we have in place for our personal retirement platform, and will help us to capture and drive considerable growth in this client segment.”
Mr. Tyrie will work across all lines of business at BofA, including Merrill Lynch Wealth Management, Merrill Edge, the Consumer Bank and the institutional retirement business, according to the memo.
Mr. Tyrie is the latest hire by Mr. Sieg, who joined BofA late last year with the aim of reinvigorating the bank’s retirement services business.
In July, Mr. Sieg hired two Fidelity Investment veterans. Rich Linton, a 20-year Fidelity veteran, was made head of business retirement solutions, focusing on Bank of America’s small-business retirement services, including its Advisor Alliance platform. Steve Ulian, the former head of sales and relationship management for workplace investing at Fidelity, now heads institutional retirement and benefits solutions at BofA.