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Rating:Pioneer Plans a Sales Force Expansion Not Rated 1.0 Email Routing List Email & Route  Print Print
Friday, January 13, 2012

Pioneer Plans a Sales Force Expansion

Reported by Armie Margaret Lee

Pioneer Investments plans to increase its sales force by at least 10 percent this year, U.S. retail sales and marketing chief Joe Kringdon told The MFWire.com.

Boston-based Pioneer has 57 external wholesalers and 36 internals.

Kringdon said Pioneer's mutual fund sales have grown 11 percent a year in the last three years. For 2012, Pioneer aims to grow sales by 13 to 15 percent.

Gross sales in 2011 totaled $11.1 billion across all channels.

Last fall, Kringdon realigned the U.S. retail sales team, appointing Laura Palmer to the newly created role of national sales manager.  

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