Pioneer Investments promotes David Hanratty to dual role
Pioneer Investments has appointed David Hanratty as both head of both UK and Ireland distribution and the Global Strategic Partners group.
Pioneer has identified the two roles as key elements in the five-year growth strategy announced recently by Roger Yates, Pioneer Investments’ chief executive. One of these is the establishment in London of the UK Investment Centre.
The distribution role will encompass the Institutional and Wholesale activities for the UK and Ireland business. Pioneer said in a statement: “The strategy (is) to capitalise on the opportunities from global distribution firms that take a centralised approach to selecting asset management products for their clients.”
The role of the Global Strategic Partners group is to work with the head offices and centralised fund selection teams of these firms to develop strategic partnerships.
Pioneer said: “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, said: “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,” Pierri said.
Hanratty will relocate to London from Dublin to 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. He will also co-ordinate with one located in New York for the US offshore business.
Hanratty joined Pioneer Investments in January 2003 working as head of distribution with a subsidiary of Janus Capital Corporation.