Roger Yates, the CEO of Pioneer Investments, is to step down from his post from July 24, according to a statement from the firm’s parent group, Unicredit.

He will be replaced as head of Asset Management by Sandro Pierri, who has been head of international distribution and a member of the Global Management Committee.

Yates, well known for his stewardship in London of Henderson Investors, joined Pioneer Investments in 2009.

Source:  Investment Europe.  Read full article here.