He was formerly managing director of JP Morgan Chase, a member of its executive committee and a member of JP Morgan Investment Bank’s management committee, responsible for business in emerging markets, currencies and commodities. This included all trading, sales and research activities for these businesses globally, as well as the client banking business in Latin America. Blyth Masters, JP Morgan Investment Bank's former chief financial officer, took over Puth's role as head of currencies and commodities.
Puth originally joined Chemical Bank in 1988. Chemical subsequently merged with Chase Manhattan, which in turn bought JP Morgan to become JP Morgan Chase in 2000.