Pioneer Investments and HypoVereinsbank to sell Nordinvest (DE/IT)

Pioneer Global Asset Management S.p.A. (PGAM) and HypoVereinsbank (HVB) have reached an agreement on the sale of NORDINVEST Norddeutsche Investment-Gesellschaft mbH to PGAM.

The purchase agreement has already been notarised. The consolidation of asset management competence at Pioneer Investments means that HVB can, in future, make even more intensive use of the advantages of its global asset management partner who will provide a correspondingly wide product range for the entire group and its customers.

"It is our objective to integrate Nordinvest in the Pioneer Investments Group and, at the same time, preserve its entrepreneurial spirit as an innovative investment provider," says Giordano Lombardo, Deputy CEO of Pioneer Global Asset Management S.p.A.

Dominik Kremer, Head of the Supervisory Board of Pioneer Investments Kapitalanlagegesellschaft mbH, is the new Chairman of the Supervisory Board of Nordinvest. He has taken over the post from Udo Bandow. Bandow co-founded Nordinvest in 1969 and made a substantial contribution to its successful positioning as a specialist for innovative investment fund concepts. Angelo Forloni, Global Chief Operation Officer of Pioneer Global Asset Management S.p.A., has followed Frank Diegel as member of the Supervisory Board.

Source: HypoVereinsbank

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