Pioneer Investments CEO to leave in January 2015

Pioneer Investments CEO to leave in January 2015

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UniCredit and Pioneer Investments have confirmed that Sandro Pierri will be stepping down from his position as CEO of Pioneer Investments as of January 31, 2015.

Giordano Lombardo, a 17-year veteran of Pioneer Investments will assume leadership of the firm. During his time at the firm Lombardo has been responsible for developing and leading its global investment management platform, currently serving as deputy CEO and group chief investment officer.

Federico Ghizzoni, CEO of UniCredit said, “I would like to thank Sandro for his many contributions to Pioneer over the last eleven years and especially during his two and a half years as CEO". 

Pioneer produced excellent investment results and robust net inflows owing to his strategic focus and disciplined execution. The past two years have seen Pioneer’s standing as a leading global asset manager reaffirmed, supported by outstanding investment performance and approximately €24bn ($29.9bn) of cumulative net inflows.”

He added that he was confident that Pierri leaves Pioneer extremely well-positioned. "I am fully confident that Giordano and the rest of Pioneer’s management team will continue to effectively manage the business and support clients and associates around the world.”

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