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Fund Times: New Leadership at Pioneer

Plus, news on new Domini funds, muni fund accounting changes, and more.

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Pioneer Investment Management, advisor to the Pioneer lineup of funds, has appointed Daniel Keith Kingsbury president and CEO, starting March 1, 2007. Kingsbury replaces former chief executive Osbert Hood, who resigned in January to take up the position of president at MacKay Shields, an affiliate of New York Life Investment Management. Previously, Kingsbury headed Pioneer's New Markets Division, overseeing operations in Central Europe and Asia.

Before joining Pioneer in 1999, Kingsbury served as CEO of Renaissance Capital Asset Management and worked at American International Group (AIG), serving there as vice president of equity sales, and later as president of AIG Capital Corp. At these positions, and at Pioneer, Kingsbury has developed significant experience in developing money management businesses internationally, but it remains to be seen if he can be successful in the U.S., or can stem the flow of recent management losses from Pioneer's equity division.

Lawrence Jones does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.

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