Principal Global Investors announces the hiring of Paul Kim as managing director and head of exchange traded fund (ETF) strategy at Principal Financial Group® PFG. Kim is based in Principal Global Investors' Des Moines office and began his new role on March 2.
In this newly created role, Kim is responsible for the launch and growth of The Principal's active ETF business. Kim will help shape and execute The Principal's global ETF strategy, playing a key role in ETF product development, the building of operational and capital markets support, and the distribution and marketing of The Principal ETFs. Kim will also help develop relationships with ETF market makers, intermediaries, investors and service providers.
"We believe ETFs are a tremendous opportunity for growth for Principal Global Investors," said Barb McKenzie, senior executive director and chief operating officer at Principal Global Investors. "ETFs will provide our clients with another point of access to Principal Global Investors' industry-leading investment management expertise. We look forward to providing innovative ETF solutions and thought leadership for the increasing number of institutional and retail clients who prefer the ETF vehicle for their investment goals."
Previously, Kim was a senior vice president and ETF product manager at PIMCO's Newport Beach, Calif., office. Kim earned a Bachelor of Arts from Dartmouth College and an MBA from The Wharton School at University of Pennsylvania.
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 $333.1 billion in
assets1 primarily for retirement plans and other
institutional clients2.
About the Principal Financial Group
The Principal Financial
Group® (The Principal®)3 is a global
investment management leader offering retirement services, insurance
solutions and asset management. The Principal offers businesses,
individuals and institutional clients a wide range of financial products
and services, including retirement, asset management and insurance
through its diverse family of financial services companies. Founded in
1879 and a member of the FORTUNE 500®, the Principal
Financial Group has $519.3 billion in assets under management4
and serves some 19.7 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, 2014.
2 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; Principal
Enterprise Capital, LLC; Liongate Capital Management LLP; Spectrum Asset
Management, Inc.; Post Advisory Group, LLC; Columbus Circle Investors;
Edge Asset Management, Inc.; Morley Financial Services Inc.; Finisterre
Capital, LLP; Origin Asset Management, LLP; Principal Global Investors
(Europe) Limited; Principal Global Investors (Singapore) Ltd.; Principal
Global Investors (Australia) Ltd.; Principal Global Investors (Japan)
Ltd.; Principal Global Investors (Hong Kong) Ltd.; CIMB-Principal
Islamic Asset Management Sdn. Bhd.; and the majority owned affiliates of
Principal International, Inc. Assets under management includes assets
managed by investment professionals of Principal Global Investors under
dual employee arrangements with other subsidiaries of The Principal and
assets managed in accordance with investment advice provided by
Principal Global Investors through the delivery of a model.
3
"The Principal Financial Group" and "The Principal" are registered
service marks of Principal Financial Services, Inc., a member of the
Principal Financial Group.
4 As of Dec. 31, 2014.
Principal Financial Group
Cait Suttie, 515-362-2431
suttie.cait@principal.com
or
Adam
Lackey, 515-362-0482
lackey.adam@principal.com
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