PRESS RELEASE Lienhardt & Partners Private Bank Zurich Ltd ...

PRESS RELEASE
Lienhardt & Partners Private Bank Zurich Ltd Announce Their Plan
To Take Over Bern-Based Business Unit of Pioneer Investments
Zurich/Bern, 24 May 2012, Zurich private bank Lienhardt & Partners have announced their
plan to take over the Bern-based business unit of Pioneer Investments in Switzerland –
Pioneer Investments AG (“PIAG”). Pioneer Investments’ core wholesale & institutional
business activities managed out of Zurich are not a part of this transaction and will remain
strategic to Pioneer Investments’ business in Switzerland.
Acting as a full subsidiary under the envisaged new name Lienhardt & Partners Investments
Ltd, the company will be responsible for developing further business opportunities with
renowned Swiss insurance companies, external asset managers and financial advisers. With a
modern IT platform, Lienhardt & Partners Investments Ltd will be able to provide private
banking services to clients, who do not meet minimum investment requirements.
Subject to the approval of the Swiss Financial Market Supervisory Authority (FINMA),
Lienhardt & Partners Private Bank Zurich Ltd will proceed with this transaction that is
expected to be completed in Q3 2012. Following this approval, PIAG will become a full
subsidiary of the private bank and will change its company name to Lienhardt & Partners
Investments Ltd.
Commenting on this development, Fabien Madar, Head of Western and Northern Europe,
Pioneer Investments said, “As part of Pioneer Investments’ new business plan, we want to
focus our efforts on areas of key strengths and opportunities that can create the right platform
for future growth. In line with this, we took the decision to sell the PIAG business which
includes retail fund accounting, therefore concentrating our efforts on opportunities that best
fit with our established capabilities. “
He added, “Switzerland is a strategic market for Pioneer Investments and we have recently
appointed Rainer Lenzin to lead the development of our wholesale and institutional business
here.”
Lienhardt & Partners will entrust its newly integrated subsidiary, with further developing the
private bank’s business with renowned Swiss insurance companies, external asset managers
and financial advisers.
Clients will be exposed to a “standardized private banking” platform. They may benefit from
lower entry requirements and access a completely open, convenient and transparent array of
products as well as selected private banking services and attractive special products.
A new IT platform brings along numerous advantages, in particular the possibility to access
services online. Financial intermediaries will now benefit from a vast amount of client
information, which allows for professional client assistance and support.

Further queries, please contact:
For Lienhard & Partner Private Bank Zurich Ltd
Mr Patrick Besenfelder
Phone +41 44 268 61 35
E-mail p.besenfelder@lienhardt.ch
For Pioneer Investments
Ms Cherida Naughton
Phone +353 1 480 2129
E-mail Cherida.naughton@pioneerinvestments.com
About Lienhard & Partner Private Bank Zurich Ltd
Founded in 1868 as an independent bank, Lienhardt & Partners Private Bank Zurich Ltd caters to
demanding private clients, international investors and institutional investors. Lienhardt & Partners
provides a complete range of advisory services as well as numerous services in private banking and in
areas related to wealth management. This includes trading of securities, derivatives and foreign
currencies as well as selected areas within the credit business, like real estate financing. Unique to this
private bank is its combination of banking services and real estate services: Lienhardt & Partners acts
as an intermediary in exclusive real estate transactions and offers top-of-the-range management
services. By means of an independent product and transaction platform, our bank provides renowned
Swiss insurance companies, external asset managers and financial service providers with custodian
bank services, product labelling and a customer service specialised on the cooperation with
intermediaries.
About Pioneer Investments
Pioneer Investments is a global investment management group (the “Group”) providing a wide range
of investment solutions including mutual funds and structured products to clients that include
institutions, corporations, intermediaries and private investors around the world.
The Group has over 80 years experience in traditional investments, providing appropriate investment
strategies to our clients and partners. Our flagship mutual fund, Pioneer Fund, is the third oldest
mutual fund in the US and exemplifies Pioneer Investments’ history of consistently managing money
and helping investors pursue their financial goals. From our global investment centres in Dublin and
Boston, we apply our bottom up investment process supported by our own internal fundamental and
quantitative research capabilities.
We believe that the route to adding value is experienced portfolio managers working in concert with
dedicated career analysts generating proprietary research; the addition of a strong quantitative
discipline provides screening and risk management strengthens our process.
Pioneer Investments is a trading name of the Pioneer Global Asset Management S.p.A. group of
companies (“PGAM”). PGAM is a wholly owned subsidiary of UniCredit S.p.A.