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Benedicte Gravrand, Opalesque Geneva:

The Amundi Group, one of Europe's largest asset managers, has finalised its acquisition of Pioneer Investments.

The group had been preparing the integration for the last six months, which will cost €150m.

Giordano Lombardo, group CEO and CIO of Pioneer Investments, a global investment manager headquartered in Milan, Italy, will be leaving the Group now that the transaction has been finalised. He has made significant contributions to the development and growth of Pioneer Investments over the past 20 years, including helping to stabilise the company's assets over the past several years as the sale of Pioneer Investments was being worked out. He also played a leading role in the process of joining up with Amundi and actively contributed to overseeing the integration preparatory work.

Amundi's renewed organisational structure will be supported by the following pillars:

• 1. Two divisions focused on Amundi's two major client segments: a retail clients division and an institutional and corporate clients division.
• 2. The investment management platforms, which provide the full range of investment solutions dedicated to each client segment. The contribution of Pioneer Investments will enhance asset class coverage and expand the solutions offered by Amundi. The management platforms will be headed by Pascal Blanqué, Group CIO, assisted by Vincent Mortier, Deputy CIO.
• 3. The Operations, Services and Tech......................

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