Principal AM plans Asia expansion with family office, real estate push
The US-based asset manager plans to ramp up hiring in the region as it tailors offerings to meet demand from family offices as well as enhance its alternative asset capabilities.
US-headquartered Principal Asset Management is ramping up its presence in Asia to capture fast-growing private wealth opportunities as well as bulk up its alternative asset capabilities, said global head of investments Kamal Bhatia.
“Asia is our fastest growing market,” said Bhatia, adding that the firm will continue to add investment and operational professionals in the region.
Kamal Bhatia,
Principal Asset Management
Principal Asset Management has about 2,000 emplo…
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