Underscoring its intentions to continue expanding globally, Lipper said today that Michael Peace, managing director of the fund researcher's Asia operations, will oversee the firm's multinational operations as its new CEO.

Peace will replace current CEO Sarah Dunn. She, meanwhile, has been promoted to a position at Lipper's parent company, Reuters Group, where she will head corporate and media services for the company's customer segment.

In announcing the changes, Dunn said Peace has "broad international experience" that fits well with Lipper's continuing plans to become a global force. Company representatives could not be reached to elaborate on what Lipper may be planning overseas.

Peace previously worked with Reuters for 15 years, where he held sales and marketing positions throughout the U.K. and Asia. He has also held positions with Lloyds International Bank in Barcelona, Spain as well as Shell operations in France and the U.K.

Peace is expected to work from his Hong Kong office for several months before moving to Lipper's New York headquarters.

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