Pioneer Investment Management has broken up its distribution marketing unit into two separate divisions, Distribution and Strategic Marketing, the firm announced today. In a related announcement, the firm has also hired two former Fidelity executives for the two new divisions.
"After reviewing Pioneers structure alongside our goals, it was clear to me that a change was necessary," said Dan Geraci, CEO of Pioneer. "Strategic marketing and distribution are both areas of critical importance as we move to broaden Pioneers product line and realize our aggressive long-term goals. The new structure allows for greater focus in both areas."