CIMB-Principal rings changes at the top

Kuala Lumpur-based CIMB-Principal Asset Management, a joint venture between CIMB Bank and US-based Principal Global Investors, has reshuffled its chief executives of Malaysia, Thailand and Islamic funds. After four-and-a-half years as CEO of the firm, Campbell Tupling stepped down in early April, to be replaced by Pedro Borda, Mexico head of Principal Financial Group (PFG) since 2004. The change in CEO is understood to be a routine rotation. Tupling is believed to have a role li…