The $294bn (€227bn) Italian-owned asset manager Pioneer Investments has moved its head of new markets, a region that covers Asia and Eastern Europe, to head up its US funds business.

Daniel Kingsbury has been head of new markets since 2000. It has been Pioneer's fastest-growing division during that time and expanded from two countries - Poland and the Czech Republic - to 10, and from $470m in assets to $10.9bn.