November 15, 2016 / 6:32 PM / 10 months ago

BRIEF-Great-West Lifeco announces expense reductions at Putnam Investments

Nov 15 (Reuters) - Great-west Lifeco Inc

* Great-West Lifeco announces expense reductions at Putnam Investments

* Great-West Lifeco Inc - Putnam Investments will be undertaking us$65 mln in expense reductions, aligning its resources

* Great-West Lifeco Inc - Putnam Investments will be undertaking us$65 mln in expense reductions

* Great-west Lifeco Inc -Says small number of investment management professionals will be leaving company

* Great-West Lifeco - firm will be reducing its staff by nearly eight percent (approximately 115 positions)

* Great-West Lifeco - Putnam will address cost across its enterprise through reduction in staff, elimination of certain non-core business programs Source text for Eikon: Further company coverage:

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