PIONEER INVESTMENT MANAGEMENT, INC. REALIGNS SALES FORCE TO MEET INCREASED DEMAND
Appoints 2 New Divisional Sales Managers
BOSTON, Massachusetts - Pioneer Investment Management, Inc. announced it is
expanding its field sales force from four to five divisions. The expansion is
a result of recent sales growth and a demand for specialized coverage in the
wirehouse and independent/insurance channels.
Going forward, Pioneer's broker/dealer team will concentrate on wirehouses
and regional firms in three sales divisions: East/Central, Southeast, and
West. In addition, two financial advisory divisions have been created-East
and West-focusing on independent financial planners, insurance agents and
bank registered representatives.
Joining Pioneer as divisional managers are Marc Rappaport, who will assume
responsibility for the East/Central broker/dealer region, and Michael Glenn,
who will lead the West broker/dealer region. Both will report to Daniel
Dart, executive vice president and national sales manager.
"By building on our long-term strength in the independent planner/insurance
market and our recent successes with the wirehouses, Pioneer is now a major
player in the U.S.," said Dart. "I am also pleased to welcome Marc and Mike
to our team, and believe their expertise and skills will further increase our
presence in the industry."
Prior to joining Pioneer, both Marc Rappaport and Michael Glenn were at
Prudential Investments, most recently serving as the national sales manager
for the northern division and divisional sales director for the western
division, respectively. They join Jeff Saunders, divisional sales manager for
the Southeast broker/dealer region, Nate Algiere, divisional manager for the
new financial advisory East region, and Sherwood "Woody" Harris, divisional
manager for the new financial advisory West region.
Pioneer Investment Management, Inc. based in Boston and Pioneer Investment
Management Ltd. based in Dublin, Ireland together manage over $95 billion
under the name Pioneer InvestmentsĘ,
as of May 31, 2001. Pioneer's flagship fund, Pioneer Fund, was founded in
1928 and is the fourth oldest mutual fund in the United States.
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For more information on Pioneer Fund, or any Pioneer fund, please call your
investment representative or Pioneer at
800-225-6292. Please ask for a free prospectus, which describes charges and
expenses; read it carefully before you invest or send money. Pioneer Funds
Distributor, Inc., is the Underwriter and Distributor for Pioneer mutual
funds.
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