Principal Global Investors Announces New ETF Managing Director

Paul Kim hired to launch and lead firm’s ETF capability

DES MOINES, Iowa--(BUSINESS WIRE)-- Principal Global Investors announces the hiring of Paul Kim as managing director and head of exchange traded fund (ETF) strategy at Principal Financial Group® (NYSE: 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 InvestorsPrincipal 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 GroupThe 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
[email protected]
or
Adam Lackey, 515-362-0482
[email protected]

Source: Principal Financial Group

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