Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:A $507B-AUM Firm Rebrands Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, October 12, 2022

A $507B-AUM Firm Rebrands

Reported by Neil Anderson, Managing Editor

A publicly traded, Midwestern insurer's asset management arm is rebranding.

Kamal Bhatia
Principal Asset Management
President of Principal Funds, Senior Executive Director, Chief Operating Officer
On Monday, Dan Houston (president, chairman, and CEO of Principal Financial Group) and Kamal Bhatia (chief operating officer for Principal's asset management business, Principal Global Investors [profile]) confirmed that PGI's new DBA is Principal Asset Management. The Principal team also launched the business' new website, PrincipalAM.com.

As of September 30, the Principal AM team included 1,934 employees, including more than 1,000 investment professionals across 14 investment teams, company spokesperson Shawn Finlen confirms. Principal AM had $507.1 billion in AUM as of June 30.

Houston describes asset management as "a core growth driver for Principal, adding significant value to the company both financially and strategically."

"We're building and strengthening relationships with investors in over 80 markets, aligning our growth strategy to their needs and the evolving market opportunities to solidify a consistent global identity," Bhatia states. "Principal remains focused on identifying compelling opportunities by providing clear perspectives that are harnessed by the power of our diverse, local investment talent. A global asset management platform that brings deep, specialist capabilities will continue to actively unlock insights and opportunities for all our clients."

Meanwhile, the PGI name isn't disappearing entirely.

"Going forward, our investment unit will be doing business as Principal Asset Management," Finlen tells MFWire via email. "However, Principal Global Investors remains our legal entity and is trademarked/licensed around the world." 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use