Morningstar places Pioneer's European bond range under review after senior staff suspensions

Pioneer in exclusive sales talks with Amundi

Morningstar has placed its analyst ratings of Pioneer Investments' European fixed income range under review after the firm suspended two senior employees pending investigation into claims they attempted to set up a rival business.

Pioneer has suspended Ali Chabaane, head of portfolio construction, and Tanguy Le Saout (pictured), head of European fixed income, based in the firm's Dublin office, for reportedly looking to set up a rival firm and take their clients with them.  Cosimo Marasciulo, Le Saout's co-lead manager on a number of strategies and Pioneer's head of European government bonds, has now taken over the leadership role as head of the European fixed income team. Marasciulo will also maintain all his current portfolio management responsibilities. The firm's Dublin- and London-based credit analysts will...