Pioneer Investment Management USA Inc., Boston, is searching for a new chief executive officer and president. The candidate will succeed Daniel T. Geraci, who will become president and CEO of Phoenix Investment Partners, Hartford, Conn., on May 1.
Tara Pescatore, a Pioneer spokeswoman, said the U.S. division's management committee, which had reported to Mr. Geraci, will run day-to-day operations and report to Dario Frigerio, CEO of Pioneer Global Asset Management, Milan, Italy, until a replacement is named. Ms. Pescatore said firm policy prevented her from saying whether an outside executive recruitment firm will be used.
At Phoenix Investment, Mr. Geraci replaced Philip McCoughlin, who retired last year but remained as a consultant with the firm while a replacement was sought, said Jody Beresin, a spokeswoman. Mr. Geraci also will become executive vice president of the asset management business of The Phoenix Cos., also of Hartford.