Pioneer Investments plans to break into Irish market
28 August 2008

Written by Sophie Baker

Pioneer Investments has revealed that it is to enter the Irish Institutional Market, launching its institutional business in Ireland as part of the company’s ongoing growth strategy.

The business will be led by Dave Santry as head of institutional business development, Ireland, and will be supported by Kate Parker, vice president of institutional sales in the UK and Ireland.

Paul Price, global head of institutional business at Pioneer Investments, commented: “I believe we are now excellently placed to continue growing our Irish institutional business. We are delighted to be successful in the tendering process of National Treasury Management Agency (NTMA) for managing the emerging markets equity fund for the National Pension Reserve Fund (NPRF) Commission and we look forward to a long and fulfilling relationship with them.”

Price added that the presence of Pioneer’s European investment and operational hub in Dublin, gives them a “real competitive edge”, and said the organisation hopes the development of their global institutional network will give added support to their Irish venture.

“We are extremely optimistic about the opportunity for us to build a significant institutional presence and in Dave Santry, we have someone who is well known and respected in the market and an ideal choice to lead this business,” Price added.

Santry joins from Bank of Ireland Asset Management (BIAM) where he worked in the Irish Customer Business as senior relationship manager, dealing with key institutional client and consultant relationships.

Pioneer Investments’ institutional business currently manages assets of around €50bn.