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Rating:Pioneer Sales Chief Pulls Up Stakes Not Rated 2.8 Email Routing List Email & Route  Print Print
Monday, June 11, 2007

Pioneer Sales Chief Pulls Up Stakes

Reported by Erin Kello

After spending a year and a half as executive vice president and head of distribution at Pioneer Investment Management, Kevin Rowell is leaving the Boston-based asset manager, a company spokesperson confirmed to The MFWire.

Rowell will leave the firm effective June 30 for "personal reasons," said Pioneer spokesperson Tara Pescatore. Steven Graziano, executive vice president of strategic marketing, will assume Rowell's duties on an interim basis.

Rowell's departure is the latest in a string of high-profile exits from Pioneer. In January of this year, Pioneer CEO Osbert Hood left to join MacKay Shields, a unit of New York Life Investment Management, as president. In April, star bond manager Margie Patel left Pioneer and is now with Evergreen Investments.

Pioneer is the North American unit of Pioneer Global Asset Management, which is wholly owned by Unicredito Italiano, one of the firms that reportedly vied for the acquisition of Putnam Investments late last year. Putnam was eventually sold to Canada-based Power Corp.

Prior to joining Pioneer in January 2006, Rowell was at Schwab Institutional, serving as head of distribution, national sales and relationship management. He earlier spent two years as president of Safeco Mutual Funds and before that, served as head of global relationships and national sales manager. Earlier in his career, Rowell spent 11 years at Putnam Investments. 

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