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Monday, July 23, 2012

Pioneer Expands in Asia

News summary by MFWire's editors

"We are looking to massively build out our distribution footprint," says Jack Lin. The new head of Pioneer Investments' [profile] in Asia explains his plans for Asian Investors.

Pioneer's hiring spree covers Japan, Singapore and South Korea offices and has the aim of boosting in assets from Asia by widening its distribution network. Lin's push comes afar Pioneer had also tapped a new chief for the Middle East, Central Asia and Africa.

Lin said that they are currently on the last stages of choosing sales heads for Singapore and South Korea. Institutional investors are the firms focus in South Korea, and it also sees Japan as a "key market." Pioneer has eight people in Taiwan, which Lin describes as a fairly stable team for the past years.

Neal Jenkins, a former Janus Capital employee, was also appointed as head of sales for Middle East, Central Asia and Afric and will report to Lin. 

Edited by: HFD

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