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Principal GI eyes China WFOE, plans senior Asia hires

Bernadette Tio
The US asset manager is planning to apply for a wholly foreign-owned enterprise in China by the end of 2015, AsianInvestor is told. And the firm is looking to hire a Southeast Asia CEO and a distribution chief.
Principal GI eyes China WFOE, plans senior Asia hires

US asset manager Principal Global Investors (PGI) is expected to apply for a wholly foreign-owned enterprise (WFOE) licence in China by the end of this year, a senior executive said.

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