[2][6] PanAgora originally was a 50-50 joint venture between Shearson Lehman Brothers and Nippon Life.
[8] PanAgora opened an office in London in 1990 which oversaw around $800 million in assets, mainly for European pension funds.
[11] In 2004, Eric Sorensen joined PanAgora from Putnam Investments and is currently the president and CEO of the firm.
[12] In the same year, Putnam Investments acquired an additional 30% stake of PanAgora from Ippon Life increasing its holding to 80%.
[13] In 2018, Putnam Investments acquired the remaining 20% stake of PanAgora from Nippon Life.