|      |      Federico Ghizzoni      UniCredit      CEO   |       | 
  
Taking the helm of Milan-based 
UniCredit in September after the ouster of 
Alessandro Profumo, 
Federico Ghizzoni now holds the fate of 
Pioneer Investments [
see profile] in his hands. Ghizzoni recently told a German newspaper that UniCredit can "imagine
going for a 50-50 joint venture and we can also imagine UniCredit going below a shareholding of 50 percent." 
       
         
         
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