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Rating:Pioneer Hires an Ex-DWS Exec 


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Thursday, August 20, 2009

Pioneer Hires an Ex-DWS Exec

by: John Alzate

Pioneer Investments hired former DWS Investments executive Thomas Jones as part of changes it is making in its sales team.

The Boston fund firm has split its relationship management team into two sales channels: wealth management and advisory. Thomas, whose post is newly created, serves as senior vice president and director of the wealth management channel. That channel supports national and regional broker-dealers, private bank and trust groups.

Thomas was previously head of national accounts management at DWS Investments, which he joined in November of last year. A DWS spokesperson told The MFWire that Mary Pat McDonald now has that role.

Pioneer promoted Thomas Coffey to oversee the advisory channel, which supports independent financial advisor firms. Coffey was previously vice president, senior relationship manager.

Meanwhile, the firm also elevated Paul Mahan to lead the strategic alliances group, which focuses on large defined contribution providers and insurance firms. Mahan was previously vice president, senior relationship manager in that group.

The moves "reflect a strategic decision to increase our efforts to provide investment solutions to larger clients, including broker-dealer wealth management platforms, independent financial advisory firms, defined-contribution providers, banks, and insurance firms, said Joseph Kringdon, executive vice president and head of U.S. retail distribution, in a news release Thursday.

Bill Taylor, who joined Pioneer in December from Evergreen Investments, oversees the relationship management and strategic alliances groups. 

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