The Investment Company Institute has tapped a former Putnam Investments executive as its new chief operating officer. Peter Gallary will spearhead the Washington, D.C.-based trade organization's finance, technology, membership relations, human resources and administrative functions. He reports to ICI president Paul Schott Stevens.

Gallary fills the opening created by the departure of Larry Maffia, who now serves as president of ICI Mutual Insurance Company, an entity not affiliated with the trade group.

Most recently, Gallary was managing director and head of operations at Putnam Investments. Before joining the Boston-based mutual fund arm of Marsh & McLennan in 1994, Gallary was president and CEO of The Boston Company Advisors.

 

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