Todd Glickson has been named as managing director, product development and strategy for Principal Global Investors. Glickson hails from Hartford Investment Management where he served as vice president and head of product development. Principal hopes he will continue to be an innovator with them. -ed.

Principal Global Investors, a diversified asset management organization with world class investment expertise in fixed income, equities and real estate, today announced the appointment of Todd Glickson as managing director, product development and strategy. Glickson will be based in New York and will help lead the Principal Global Investors product development process. Principal Global Investors is a member of the Principal Financial Group�.

�I am pleased Todd has agreed to join us,� said Cherrise Crawford, managing director � strategy, Principal Global Investors. �With his broad product knowledge and extensive experience in the asset management industry, I am confident Todd will provide innovative product initiatives and help us develop tailored solutions for our clients.�

Glickson has more than 10 years of product development experience and over 15 years of experience in asset management. In his most recent role, Glickson served as vice president and head of product development with Hartford Investment Management. In that role, he was responsible for driving product development programs and standardizing processes to identify, evaluate and drive product and strategic initiatives. Prior to that he was with Federated Investors where he managed the marketing, product development and research for the institutional sales division. Glickson has an MA in Economics from University of Kentucky and a BS in Business Administration from Carnegie-Mellon University.

About Principal Global Investors

Principal Global Investors is a diversified asset management organization and a member of the Principal Financial Group�, with expertise in equities, fixed income and real estate investments, as well as specialized overlay and advisory services. Principal Global Investors manages $201.3 billion in assets primarily for retirement plans and other institutional clients.1

About the Principal Financial Group

The Principal Financial Group� (The Principal �)2 is a leader in offering businesses, individuals and institutional clients a wide range of financial products and services, including retirement and investment services, life and health insurance, and banking through its diverse family of financial services companies and national network of financial professionals. A member of the Fortune 500, the Principal Financial Group has $256.9 billion in assets under management3 and serves some 17.6 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the United States. Principal Financial Group, Inc. is traded on the New York Stock Exchange under the ticker symbol PFG. For more information, visit www.principal.com.

1 As of Dec. 31, 2006. Principal Global Investors is the asset management arm of the Principal Financial Group � (The Principal �) and includes the asset management operations of the following subsidiaries of The Principal: Principal Global Investors, LLC; Principal Real Estate Investors, LLC; Spectrum Asset Management, Inc.; Post Advisory Group, LLC; Columbus Circle Investors, Edge Asset Management, Inc.; Principal Global Investors (Europe) Limited; Principal Global Investors (Singapore) Ltd.; Principal Global Investors (Australia) Ltd.; and the majority owned affiliates of Principal International, Inc.

2 "The Principal Financial Group" and �The Principal� are registered service marks of Principal Financial Services, Inc., a member of the Principal Financial Group.

Edited by: Erin Kello

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