UniCredit CEO open to growth at Pioneer unit via partnerships, no sale

TURIN, ITALY July 9 Wed Jul 9, 2014 9:40am EDT

TURIN, ITALY July 9 (Reuters) - UniCredit is ready to consider growth at its asset management unit Pioneer through partnerships but has excluded selling the subsidiary, the Italian lender's CEO said on Wednesday.

"There is nothing new on Pioneer. We are ready to consider accelerated growth via partnerships but will not sell it," Federico Ghizzoni said on the sidelines of a conference.

"Pioneer will always be as strategic asset of ours," he said. (Reporting by Gianni Montani, Writing by Oleg Vukmanovic)