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US Banking Giant's Currency Chief Defects To Pioneer
Tom Burroughes
23 November 2011
Paresh Upadhyaya, head of Americas Group of 10 currency
strategy at Bank of America, is leaving the firm to become director of foreign
exchange at Pioneer Investment Management, according to Bloomberg. Upadhyaya will leave BofA today and join Pioneer in Boston on December 27, he
told the news service. Both firms declined to comment, the report said. Upadhyaya joined the US banking and wealth management giant
last year from Putnam Investments, where he helped oversee $21 billion in
assets.