Mr. Gandhi is the Portfolio Manager of Putnam`s Non-U.S. Core Equity strategy. Based in London, he is responsible for conducting fundamental analysis and valuation of mid-sized and large companies in non-U.S. markets, including Europe, China, and Japan, and for making buy/sell recommendations. Mr. Gandhi joined Putnam in 1999 and has been in the investment industry since 1994. Prior to joining Putnam, Mr. Gandhi was a Vice President, Equity Analyst, at Alliance Capital Management from 1998 to 1999 and an Investment Manager at Aberdeen Asset Management from 1994 to 1998 - both in Singapore.

Mr. Morgan is an Analyst in the Large Cap Equities Group, responsible for covering European financials. He is responsible for conducting fundamental analysis and valuation of the companies in this industry and making buy/sell recommendations. In addition, he is a portfolio manager of Putnam Global Financials Fund and Putnam Global Sector Fund. Mr. Morgan joined Putnam in 2004 and has been in the investment industry since 1995.