Pioneer has hired another MFS executive in is effort to build out its institutional team. Jack O’Connor has been tapped by Pioneer as the new head of its U.S institutional business, a newly created position. He was formerly the senior vice president and director of North American sales and consultant relations at MFS Investment Management.

Boston-based Pioneer has recently been making an effort to build out its institutional business. Last September, Pioneer made two high profile institutional hires: Ray Dutcher as the director of U.S. Institutional Client Service and Michael De Feo as senior consultant relations manager.

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Company Press Release

Boston, Massachusetts – Pioneer Investments today announced that John F. (Jack) O’Connor has joined the company as Executive Vice President and Head of U.S. Institutional, effective April 28, 2008. In this newly created position Mr. O’Connor is responsible for managing Pioneer Investments’ institutional business in the U.S., including the Sales, Client Service, Consultant Relations, and related support staff.

Mr. O’Connor has 14 years of experience in the institutional investment business. Prior to joining Pioneer, he was Senior Vice President and Director of North American Sales and Consultant Relations at MFS Investment Management in Boston. In this position, Mr. O’Connor played a key role in leading MFS’s institutional business in the U.S.

Daniel K. Kingsbury, President and Chief Executive Officer of Pioneer Investment Management USA Inc., said, “Jack brings a wealth of experience to Pioneer Investments and we look forward to his leadership of our institutional team. We have a successful 80–year history in asset management, a large global investment organization and highly competitive products for the institutional marketplace. Developing strong sales, client service, and consultant relations capabilities in the U.S. are an important part of demonstrating our commitment to the institutional market. Jack is an excellent choice to head the effort.”

Paul Price, Global Head of Institutional Business at Pioneer Investments, added: “Jack has proven capabilities in the critical areas of sales, client services and consultant relations. I'm very confident that our clients and business partners will benefit from his expertise."

Mr. O’Connor leads an experienced group of 11 professionals in Pioneer’s U.S. institutional team, and will coordinate closely with the global institutional organization. He reports to Dan Kingsbury and Paul Price.

Prior to MFS, Mr. O’Connor spent two years as Vice President of Marketing and Client Services at Franklin Portfolio Associates in Boston. He joined Franklin from BankBoston where he worked as a Vice President in the Asset Management Group and Securities Department Sales. Prior to BankBoston, Jack was an Area Sales Manager at Oce-USA after starting his career as an Account Manager at the Xerox Corporation.

Jack O’Connor graduated from Denison University with a B.A. in Economics (1982). After graduation, he served for three years as an Infantry Officer in the United States Marine Corps.

About Pioneer Investments

Pioneer Investments is the trade name for Pioneer Global Asset Management S.p.A. and its subsidiaries, a global investment firm with offices in 25 countries and approximately $301.1 billion in assets under management as of March 31, 2007, of which approximately $74 billion was managed in the U.S. Founded in 1928, its flagship mutual fund, Pioneer Fund, is the third-oldest mutual fund in the U.S. Pioneer Investment Management USA Inc. is the North American operating subsidiary of Pioneer Global Asset Management S.p.A., which is a wholly-owned subsidiary of UniCredito Italiano S.p.A. 

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