Executives at the Pioneer Group of Boston are hoping that the firm's planned sale to one of Italy's largest banks will expand Pioneer's distribution abroad and its services in the U.S.

Pioneer expects that offerings from the mutual fund arm of UniCredito Italiano Group of Milan, Italy will provide new products for Pioneer to sell through its existing distribution arrangements in Germany, said David Tripple, president of Pioneer Investment Management, Pioneer's mutual fund management arm. Capital from UniCredito also should enable Pioneer to expand aspects of its U.S. mutual fund business, Tripple said.

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