Pioneer Investments has appointed David Hanratty to Head both UK and Ireland Distribution and the Global Strategic Partners group.
The responsibilities have been brought together in recognition of the increasingly common characteristics of these business segments and the importance of London as a centre for Strategy Selection for Global Platforms and Institutional Consultants.
Sandro Pierri, Head of Western Europe & International, says: ‘We have a major commitment to UK and Ireland; we know there is work to be done convincing the market we are dedicated to being a significant player but the creation of a major investment centre in London last year is proof of our commitment, this alongside our major investment hub in Dublin gives us a unique investment offer to the two markets. David’s appointment and our plans to supplement the team with several important hires is further evidence of our commitment to be around for the long term and to strive to be successful.”
The role will encompass the Institutional and Wholesale Distribution activities for the UK and Ireland business and the strategy to capitalise on the opportunities from global distribution firms that take a centralised approach to selecting asset management products for their clients. It is the role of our Global Strategic Partners (GSP) group to work with the head offices and centralised fund selection teams of these firms to develop strategic partnerships.
Both businesses were identified as important elements in the new five year growth strategy recently announced by Pioneer Investments CEO, Roger Yates.
Relocating to London from Pioneer Investments Dublin, David will manage a team of nine for the UK & Ireland Business split between Dublin and London, five in the Global Strategic Partners Group located Singapore and London, and will be in co-ordination with one located in New York for the US off shore business.
Hanratty says: ‘’This is an exciting and challenging time for Pioneer Investments with a new business strategy now underway. We have a good number of high quality investment strategies which we already know appeal to both the institutional and fund selection communities. I am excited to be involved in two such important businesses and will be working tirelessly with the teams to bring Pioneer Investments to a wider audience and demonstrate that we can back up our investment credentials with top quality service and long term commitment to our clients.”
Hanratty joined Pioneer Investments in January 2003 and has over 25 years experience in financial services. Before moving to Pioneer Investments, David worked as Director and Head of Distribution with a subsidiary of Janus Capital Corporation.