Pioneer Global Investments to establish presence in Middle East

Pioneer Investments intends to establish a representative office in Bahrain, its first presence in the Middle East and North Africa (MENA) region. The firm is wholly owned by Pioneer Global Asset Management SPA, the asset management arm of UniCredito Italiano Banking Group, the second largest bank in Italy and ranked 47 internationally. Through Pioneer Investments, the Bahrain operation will be UniCredito’s first venture in the region. Pioneer Investments is a global investment management firm with over US$278bn in assets under management. The group, with offices in 22 countries around the...