Principal hires, reshuffles to boost wealth focus
Principal Global Investors is moving to target wealth managers more aggressively in Asia, with sub-advisory seen as a potential area of growth. Its new global head of wealth advisory spoke to AsianInvestor.
US-based Principal Global Investors is the latest fund house to boost its focus on the wealth segment in Asia with a new hire and reorganisation of its sales team. The firm, which has more institutional than wholesale business outside the US, aims to grow the latter segment more aggressively, including potentially through sub-advisory.
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