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  • Pioneer Investments chief executive to leave at end of January

    first_imgNeither did they say what Pierri intended to do after leaving Pioneer Investments, and no one was immediately available to comment further.Pierri said he would always think very fondly of his time at Pioneer and wished nothing but the best for the company in the future.Lombardo has worked at Pioneer Investments for 17 years. Banking group UniCredit, based in Milan, has been trying to move Pioneer Investments from its books for some time, in line with the trend for European banks to sell off asset management businesses in the wake of new EU regulation. In September, it was in talks with Banco Santander with a view to merging Pioneer with one of the Spanish bank’s subsidiaries into a large asset management business. Sandro Pierri, the chief executive of Pioneer Investments, is stepping down at the end of January next year and will be replaced by his deputy Giordano Lombardo.Pierri has worked for the investment manager, owned by Italy’s UniCredit, for 11 years, having been at the helm for the last two and a half years.Federico Ghizzoni, chief executive of UniCredit, said: “Pioneer produced excellent investment results and robust net inflows owing to Sandro’s strategic focus and disciplined execution.”Pioneer Investments and UniCredit said in a joint statement that Lombardo, currently deputy chief executive and CIO, would “ensure continuity leadership for Pioneer’s business during this phase”, but did not say whether he would be appointed as permanent chief executive of the subsidiary.last_img read more

  • LA Clippers to be tested by Paul George, Indiana Pacers

    first_imgIt’s true, the L.A. Clippers are playing better of late. They have won three consecutive games and four of their past five.But the victories have come over Denver, New Orleans, Minnesota and Portland. Not one of those teams is playing .500 ball and combined they had a record of 25-45 before Tuesday’s games.That said, the Clippers (10-8) will get a real test Wednesday night when they play host to the hot Indiana Pacers, who are second in the Eastern Conference with an 11-5 record. The Pacers have won five in a row and are being led by forward Paul George, from Knight High in Palmdale. He is averaging 27.2 points and 8.1 rebounds.“He is the head of the snake,” Clippers sixth-man Jamal Crawford said of George. “I do not expect one person to guard him. Obviously, it will be a team effort. “C.J. Miles is playing well and Monta Ellis. They have some capable players out there.”Miles is averaging 15.4 points and Ellis is averaging 12.8 points and 5.3 assists. George is shooting 45.5 percent (51 of 112) from 3-point range.Stephenson wants this winClippers reserve small forward Lance Stephenson played his first four seasons with Indiana, having a fine season in 2013-14 before he signed as a free agent with the Charlotte Hornets.Stephenson was asked after Monday’s 102-87 victory over Portland about playing against his former team. “Last year I was jacked up,” he said. “Now, it’s just a regular game for me, just playing against my old teammates, trying to get a win. I don’t think I’ve ever won against them yet. They beat me both times.”The Hornets in 2014-15 actually did beat the Pacers in one of their four matchups. But it was an 80-71 overtime victory at Charlotte. What Stephenson really wanted was to go back to Indiana and get a win there. After he mentioned how “jacked up” he was, he was reminded by a reporter he is always that way. How much more could he have been playing against the Pacers at Indiana?“I mean, I was really jacked up,” he said, with an emphasis on “really.” “Going back to Indiana to play, I wanted to do so good.”Damian Lillard’s miseryWhat could have been a fine matchup between two of the game’s top point guards Monday did not materialize. The Clippers’ Chris Paul came out of the game just past the midway point of the third quarter with inflamed rib cartilage; he is questionable for Wednesday.Portland’s Damian Lillard did not play in the second half because of what he believed might have been some type of food poisoning from an omelette he ate at the team hotel at the morning shootaround.“Since the game started, I felt dead, had no energy and was weak,” Lillard said. “I tried to play through it to see if I could get myself going. I had never felt like that — turning and running in different directions; I wasn’t comfortable.“I had so much stomach pain I felt like, at some point, I was going to throw up on the court.”center_img Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more

  • Thursday January 9th KGLO Morning News

    first_imgListen to the KGLO Morning News from Thursday January 9thlast_img