Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Pioneer's Jones Is Getting a New Boss Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, November 26, 2014

Pioneer's Jones Is Getting a New Boss

News summary by MFWire's editors

UniCredit is working on a Pioneer Investments [profile] deal with Banco Santander, there's a new Pioneer chief in the USA, and now the head of all Pioneer is leaving. [See MFWire's living timeline of the Pioneer auction for more details and history.]

This morning UniCredit CEO Federico Ghizzoni revealed that Pioneer CEO Sandro Pierri is stepping down at the end of January. Deputy CEO and chief investment officer Giordano Lombaro will succeed Pierri.

The Financial Times and Reuters both reported on the move.

The news comes only a few months after Pioneer replaced outgoing Pioneer Investment Management USA president and CEO Daniel Kingsbury with Lisa Jones.

The change also comes as UniCredit appears finally poised to transform Pioneer after years of "will they or won't they" and "if they will, with who?" speculation about selling off the asset manager. In September news broke that UniCredit and Santander were in exclusive talks to combine their asset managers in a joint-venture. The combined entity would reportedly keep the Pioneer brand and eventually spin off in an IPO, though in the meantime Santander and UniCredit would each hold one-third stakes. The final third would be held by two private equity firms, General Atlantic and Warburg Pincus. Warburg also controls European ETF giant (and U.S. ETF player) Source.

Now a Pioneer spokesperson cryptically tells the FT that the Santander discussions are "ongoing". 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use