Pzena Investment Management Inc. announced that it has entered the retail market with an expanded leadership team. As part of this strategic expansion, Pzena hired Scott Napier as head of intermediary distribution. With more than two decades of retail asset-management experience, Mr. Napier is responsible for overseeing the growth of Pzena's distribution capabilities outside of institutional investors and building the intermediary business across channels.

Prior to joining Pzena, Mr. Napier held various leadership roles at OppenheimerFunds Inc., including Divisional Director of the Southeast and National Sales Manager for the sub-advisory business. Joining Mr. Napier will be Jonna Dondero as director of business development for intermediary distribution. With 20 years of asset-management industry experience, she is leading relationship management and new business development.

Prior to joining Pzena, Ms. Dondero was senior director of retail business development at Touchstone Investments. She has also held senior relationship management roles at Invesco and Orinda Asset Management.