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Monday, June 02, 2008

Pioneer Taps Retail Distribution Chief

Reported by Neil Anderson, Managing Editor

Pioneer Investments has a new head of U.S. retail distribution. On Monday the Boston-based fund firm revealed that Joseph D. Kringdon, formerly managing director of Putnam Investments, just joined as EVP in charge of US sales.

A spokeswoman for Putnam told MFWire that Kringdon's duties "have been assumed by the distribution team."

Company Press Release

Pioneer Investments Announces Appointment of Head of U.S. Retail Distribution

Mon, 02 Jun 2008 16:56:22 GMT

BOSTON - (Business Wire) Pioneer Investments today announced that Joseph D. Kringdon has been named Executive Vice President and Head of U.S. Retail Distribution. In this role, Kringdon will be responsible for managing Pioneer’s U.S. sales team, including key distributor relationships with financial advisors and broker dealers. He reports to Daniel K. Kingsbury, President and Chief Executive Officer of Pioneer Investment Management USA Inc.

Kringdon joins Pioneer Investments from Putnam Investments, where he was a Managing Director and held various roles including National Broker Channel Director and his most current, as Regional Director of Sales in the East. “Joe brings proven results and leadership to the Pioneer sales team,” said Kingsbury. “He is a well respected manager, and his many years of experience as a Branch Manager, Sales Manager and Financial Advisor give him valuable insights into the needs of our sales partners. We are pleased that he is joining Pioneer,” Kingsbury added.

Kringdon began working at Putnam in 1999. Prior to Putnam, he worked at Smith Barney and a predecessor company, Drexel Burnham Lambert, most recently as Senior Vice President, Branch Manager in Albany, NY and Sales and Branch Manager in the Boston office. He was also a branch manager in the New York City office of Smith Barney. He also worked at Merrill Lynch, where he was a Vice President and Mutual Fund Coordinator. He graduated “Cum Laude” from College of the Holy Cross in 1980 with a B.A. in English.

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 $328 billion in assets under management as of April 30, 2008, 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 UniCredit Banking Group.

Pioneer Investments
Geoff Smith, 617-422-4727

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