American Century Investments has hired Peter Cieszko as senior vice president. In this newly created position, Cieszko will be responsible for all institutional and intermediary sales in North America, including wirehouses, regional and independent advisors, banks, insurance companies, corporate and public pension plans, endowments and foundations. Reporting to Michael Green, head of global client relationships, Cieszko will join the company later this summer.
Cieszko comes to American Century from Fidelity Investments Institutional Services Company, where he was president of the $366 billion business unit. Before joining Fidelity, Cieszko was president and chief executive officer of Evergreen Investments, the investment management arm of Wachovia, later purchased by Wells Fargo. Before that, Cieszko was head of U.S. distribution at Legg Mason and also served as head of U.S. retail and the high-net-worth businesses of Legg Mason's predecessor firm, Citigroup Asset Management. Throughout his 25-year financial services career, Cieszko has held various senior leadership positions with Nuveen Investments, Montgomery Asset Management, E.F. Hutton and Merrill Lynch.