Marsh & McLennan Companies denied reports it has brought in two investment banking firms to explore the sale of its subsidiary Putnam Investments, disputing a story in today's Boston Globe.

Barbara Perlmutter, senior vice president of public affairs for New York-based MMC, said the professional services firm has not hired either Goldman Sachs Group or CitiGroup Inc. to explore any sale.

"It is not true," she said. "We have not hired anyone to asses these options."

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