Putnam Investments hired Avinash Persaud from JP Morgan to become its managing director and head of currency. Persuad will report to William Landes, Putnam's chief investment officer for global asset allocation, and he'll be responsible for developing currency forecasts and working with investment managers on currency implications for their investment portfolios.

Robert Honeycutt, chief operating officer of analytics software developer Barra Inc. resigned to become chief executive officer of Qu

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