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Monday, January 23, 2012

Pioneer Bigwig Reveals Growth Plans

News summary by MFWire's editors

Pioneer Investments [profile] CEO Roger Yates aims to grow Pioneer's U.S. business from the current 35 billion euros ($45.56 billion) to 60 billion euros ($78.11 billion) over the next five years.

The growth goal is one of the takeaways from the interview that Milan-based Yates gave to the Financial Times' Ruth Sullivan. The interview comes nine months after Pioneer Investments' parent, UniCredit, pulled Pioneer off the auction block.

Yates plans to add international equity and fixed income offerings to the U.S. unit's product roster and make a push into the institutional space.

He called the U.S. unit, which is based out of Boston and led by Dan Kingsbury, a "potential jewel in the crown" for Pioneer.

Click here to see more from Yates' FT interview.  

Edited by: Armie Margaret Lee


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