New hire to Pioneer Asia fund business

Pioneer Investments, the Boston-Italian fund house, is on a hiring spree to create an Asia presence.

Pioneer Investments, a $110 billion fund manager based both in Boston and Dublin, is opening an office in Hong Kong to distribute its offshore mutual funds and hedge funds and has hired Edmund Lacis from Janus International to head the effort.

According to Paris-based Eric Pinn, Pioneer's head of international business development and Lacis' new boss, the firm intends to hire up to three sales and marketing professionals in Singapore and five in Hong Kong over the next six months. Pioneer, which is now in the process of registering its Luxembourg-based Pioneer Funds with Hong Kong's Securities and Futures Commission, hopes to establish at least five regional distribution partnerships with private banks and independent financial...

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