The firm names Kirk West in a new role as head of international offices. He also replaces Andrea Muller temporarily as Asia chief as she relocates to the US, but he will seek a new Asia CEO as well as more third-party resources.
The US fund house has applied for a renminbi qualified foreign institutional investor licence and is talking up its parent's China joint venture, despite difficulties encountered by other mainland JVs.
Emerging markets that embrace reform seen to be converging with developed economies in the near term, finds Principal Global Investors' annual worldwide poll of asset owners.
Principal Global Investors has been meeting distributors to discuss them selling its funds in mainland China, having made several recent senior appointments.
Principal Global Investors is boosting its Asia sales team with an eye on China's RQFII programme and the mutual recognition programme between Hong Kong and the mainland.
More than half of global pension funds are forecast to be invested in real assets by the end of this year. Asians are leading the charge into real estate, finds Principal Global Investors.