3. WELCOME TO
PIONEER INVESTMENTS
This is our vision statement, it summarizes our aspirations and
ambitions. I believe that the knowledge and passion of each and
everyone of our people is key to our success in the market place.
Our history began in 1928, when legendary investor, Philip L. Carret,
founded the Pioneer Fund, now the third oldest mutual fund in the
United States. While we evolve to keep pace with the changes in the
marketplace, we are still true to our founder’s investment philosophy.
It has allowed us to face with confidence the downturns and the
different phases of the economic cycles over the last 85 years.
Having the right people on board has always been core to our business
strategy. This is why we continue to invest in the talent of today and
tomorrow. We remain committed to attracting and developing the
best people, those who are ready to make an impact from day
one and play their part in growing our business over time.
SANDRO PIERRI
CEO Pioneer Investments
OUR VISION
“We are passionate about
delivering consistent
and superior investment
solutions to our clients”.
4. WHO WE ARE
Global: Pioneer Investments is a global asset manager, present
in 27 countries and four continents. Our work environment is enriched
by the contributions of nationals from 40 different countries.
Knowledgeable: Knowledge is at the heart of everything we do.
We have a long-standing tradition of research and strategic thinking
that are committed to preserving and developing.
Stimulating: We employ 2,000 people, including 330 investment
experts with an average of 15 years industry experience. Our people
come from a wide variety of backgrounds and have a broad range
of interests but passion and intellectual curiosity is something they
all have in common.
Welcoming: We share a common sense of purpose and aim to foster
a culture of inclusion, open to different perspectives, ideas and cultures.
Ethical: Our culture is shaped by and reflected in our corporate values
of Integrity, Commitment, Trust, Excellence and Customer Centricity.
Our clientsʼ interests are central to our decisions and actions while
a drive for excellence underpins everything we do.
GLOBAL
KNOWLEDGEABLE
STIMULATING
WELCOMING
ETHICAL
5. Pioneer Investments offers an intellectually
stimulating and welcoming work environment
where everyone is afforded the opportunity to
positively impact the business locally or globally.
We encourage individual accountability, personal
& professional development and ethical standards
in order to be perceived as an outstanding asset
manager in the market place.
6. REGIONS
WESTERN EUROPE
& LATIN AMERICA
1032 employees
AUSTRIA & CEE
312 employees
ASIA & MIDDLE EAST
122 employees
UNITED STATES
557 employees
*Source: Pioneer Investments as at 30 June 2013.
7. WHERE WE ARE
Dublin
London
Boston
Milan
Singapore
*Source: Pioneer Investments as at 30 June 2013.
» Argentina
» Australia
» Austria
» Bermuda
» Bulgaria
» China
» Chile
» Czech Republic
» France
» Germany
» Holland
» Hungary
» Japan
» India
» Italy
» Ireland
» Luxembourg
» Mexico
» Poland
» Romania
» Singapore
» Slovakia
» Spain
» Switzerland
» Taiwan
» United Kingdom
» United States
9. WHAT WE DO
AUM by Channel
46% Retail/Private Banking
29% Wholesale
25% Institutional
We manage the money of retail, wholesale & institutional
clients, investing it into a variety of asset classes.
As at 30 June 2013 assets under management totaled
€165/$216 billion.
We translate our knowledge and understanding of the
markets and of the relative value of assets into
investment strategies aimed at growing and preserving
our investors’ wealth.
AUM by Geographical Division
66% Western Europe & Latam
21% US
10% Austria & CEE
3% Asia & Middle East
Today we are among the top three players in three
European countries in term of asset under mangement*
and our parent company is UniCredit, a major financial
institution with strong roots in 20 European countries.
AUM by Asset Class
60% Fixed Income
19% Equity
17% Balanced & Flexible
2% Money Market
1% Alternative
*AUM Data as at the end of June 2013. Poland’s source: Chamber
of Fund and Asset Management (IZFiA), Italy’s source: Assogestioni.
Austria’s source: Stretegic Insight.
11. WhAT we OFFER
We offer a diverse range of investment solutions across
both traditional and non-traditional asset classes,
to address the different needs of all our clients.
These include mutual funds, separately managed
accounts, institutional strategies and retirement plans.
Our Investment Capabilities
Fixed Income
Equity
Absolute Return
→ Government Bond
→ Investment Grade
→ High Yield
→ Multi-Sector
→ Money Market
→ Tax-Exempt
→ European
→ U.S.
→ Emerging Markets
→ Global Thematic
→ Asia
→ Unconstrained
→ Multi-Strategy
→ Bond
→ Currencies
→ European Equity
→ Commodity
→ Fund of Funds
Real Assets
→ Commodities Gold
→ Dynamic Real Assets
Multi-Asset
→ Multi-Asset Funds
→ Fund of Funds
→ Protected
→ Asymmetric Payoff
→ AL M LDI
Funds of Hedge
Funds
→ iversified/
D
Multi-Strategy
→ Specialised/Niche
Our Investment Opportunities
Mutual
Funds
Segregated
and Managed Accounts
Insurance
Wrappers
Institutional
Strategies
Dedicated
Mandates
Pension Funds Long-Term
Retirement Funds
Advisory Service
Fiduciary Solutions
13. HOW we DO IT
Our investment approach is based on the knowledge
and passion of our investment professionals committed
to finding valuable assets in the marketplace and turning
them into compelling investment solutions.
Over the years we have developed our investment process
to ensure we can respond effectively to the opportunities
and challenges of the different phases of the economic
cycle while remaining faithful to our investment
philosophy.
This philosophy is based on the search for value, active
risk taking and risk management which are the pillars
of our investment process.
Searching For Value
→ Experienced career
analysts
→ Specialized by asset classes
Active Risk Taking
→ Active Approach
→ High Conviction
Assessing Risk
→ Portfolio Construction
→ Risk Budgeting
Research
Our team of career analysts focuses on
understanding intrinsic asset value.
Specialised by sector and asset class, they
are also experienced investors, dedicated
to finding compelling investment ideas.
Portfolio Managers
They are decision makers, their knowledge
of the markets combined with our research
drives them to have strong views on where
best to invest and for how long.
Risk Management
Risk Management is core to the investment
process. Monitoring the risk linked to each
strategy is key to deciding which risks are
worth taking in the best interest of our
clients.
14. OUR PEOPLE
VALERIA MAFFEI
GIL HUDSON
Investment Risk, Italy
Finance, US
I am based in Milan and I am part of the Investment Risk
Management team. Risk Management is key to creating a
bridge between clients and portfolio managers, delivering
understandable solutions and breakdown analysis.
Our clients need to understand how market risks will affect
their performances: we disclose risk measures and set
appropriate risk limits, constantly keeping them up to date.
Working in Investment Risk is an intellectually stimulating and
dynamic activity. Surrounded by smart, qualified and capable
people, I feel I work in a ‘regenerating atmosphere’ where there
is a constant stimulus to improve. In Pioneer Investments you
are continuously given the possibility to learn something brand
new, thanks to the contribution of everyone around you.
I am based in Boston and responsible for Financial Planning
Analysis. The individual working relationships that I’ve
been able to cultivate over the past decade are invaluable
and I treasure them. Many of us here at Pioneer Investments
have had long tenured careers and it is a pleasure to watch
people’s careers evolve and grow with their increased depth
of experience.
A global organization like Pioneer Investments offers so
many opportunities for all of us.
The ability to work with and get to know people from a wide
variety of backgrounds and cultures is extremely important
and a valuable experience both on a professional and
personal level.
15. “We are committed to
attracting and developing
the best people”
Sandro Pierri
CHIEF EXECUTIVE OFFICER
16. OUR PEOPLE
NIALL DOOGAN
KERI SULLIVAN
Facility Management, Ireland
Finance, US
I am based in Dublin and I am responsible for the Office
Services and Facilities. In my experience, the collective
knowledge shared at all levels of the organisation fosters
continual learning. Tapping into the sharing culture has
enabled me to advance my career. In Pioneer Investments,
there are no barriers to progress; input, training, and
development are actively supported. This philosophy holds firm
even in the event of mistakes, where the old adage “it’s only a
mistake if you don’t learn from it” definitely applies. Having
made my fair share its reassuring to know that there is a team
of colleagues willing to help. After sixteen years of service, I am
pleased to say that the Pioneer Investments work environment
continues to offer a positive working experience; personally
speaking this has led to a strong sense of belonging.
I am based in Boston and I am part of Financial Planning
Analysis team. Some key characteristics of Pioneer
Investments that make it an ideal place to work are: Trust,
Opportunity, Diversity. Pioneer Investments is the ideal sized
organization to allow for job movement and growth, not too
large to get lost and not too small to be stagnant. I have held
multiple positions in Pioneer Investments in both IT and
finance. This cross-functional knowledge has made me better
at my job and a more valuable employee. Pioneer Investments
people are extremely knowledgeable in their fields, very
approachable and trustworthy. There is a general feeling of
support and respect. Our company is a truly global and diverse
organization. This leads to an environment of constant change
and challenge as well as to professional and personal growth.
18. What you CAN EXPECT
Work in a globally connected environment
By joining our team, you will become an integral member of an organisation that spans the world. You can play your part, contributing
to further develop our presence in growth markets or strengthening our position in established ones.
Enhance your professional effectiveness and technical skills
At Pioneer Investments you will have opportunity to develop your skills and experience thanks to cross border initiatives and increase
your business critical knowledge through specialized training programs. We are committed to helping you reach your maximum potential.
Gain a broader understanding of the business
If you have an open and enquiring mind you will be able to take full advantage of our knowledge sharing culture. Our experts will help
you develop your understanding of the various aspects of our business.
Join a diverse team, where different perspectives are valued
We promote an informal atmosphere where colleagues are encouraged to have their say, and are given the opportunity
to shape their day-to-day work environment. Our local and global staff initiatives give you the chance to network, meet and interact
with key people from all parts of the organisation.
Benefit from a value system built on Integrity and Trust
You will be joining a team of professionals who are fully aware of the important role they play as asset managers in safeguarding
people's wealth over the long term. Maintaining the trust of our investors is core to our longevity and has contributed to our success
over the last 85 years.
