Mr. Salm is a Co-Head of Fixed Income. He specializes in mortgage and securitized products, interest-rate and volatility derivatives, and money markets.

Mr. Salm is a portfolio manager of Putnam Diversified Income Trust, Putnam Global Income Trust, Putnam Fixed Income Absolute Return Fund, Putnam Income Fund, Putnam Master Intermediate Income Trust, Putnam Mortgage Securities Fund, Putnam Premier Income Trust, Putnam Ultra Short Duration Income Fund, and 37 Capital's Securitized Fixed Income strategy. In addition, he oversees Putnam's trading operations and fixed income quantitative teams.

He joined Putnam in 1997 and has been in the investment industry since 1989.