MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, October 12, 2022 A $507B-AUM Firm Rebrands A publicly traded, Midwestern insurer's asset management arm is rebranding.
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." Printed from: MFWire.com/story.asp?s=64991 Copyright 2022, InvestmentWires, Inc. All Rights Reserved |
