Pioneer Investments has expanded its sales team in Spain and Portugal by hiring Julia Salazar as new sales manager.

Based in Madrid, Salazar will report to Almundena Mendaza, senior sales manager of the company’s Iberian office.

In his new role, Salazar will oversee the development and expansion of existing distribution business Pioneer Investments in Spain and Andorra, with particular focus on retail banks, private banks and family offices.

Salazar joined Pioneer from Legg Mason Global Asset Management, where he served as client relationship manager. Prior to this, he worked at Santander Asset Management in various roles such as product specialist, junior sales and was part of the analysis team banif funds.

Jose Castellano, head of Iberia, North America Offshore & Latin American Markets said: "We present more than 14 years in Iberia, we have consolidated our relationship with the majority of customers in Spain and Portugal, significantly increasing our assets under management.

"In the year, we have captured more than EUR500 million in Iberia and have assets under management of EUR7, 432 million in the region (Iberia, Offshore North America and Latin America) to 31 July 2014," he added.