The US fund house has seen the long-standing member of staff move on, but her next move is unclear.
The US asset manager has eliminated the role, resulting in the departure of Celestine Khoo.
UK-based Newton Investment Management, which runs several funds with Asia exposure, has hired a new head of dealing to replace Anthony Russell.
BMO Global AM names institutional sales head; WMA hires CIO; Manulife splits distribution, marketing roles; Everstone hires India exec; Mirae Asset moves ETF exec to HK; Vontobel WM adds in HK; Lumen hires former UBP MD; PGI adds in Australia; and Natixis AM names new CEO.
Principal Global Investors was the third fastest growing global fund house by Asia-Pacific assets in the latest AI100 list, driven by flows in Japan and into income-related strategies.
Principal Global Investors has appointed Celestine Khoo to drive its institutional business in the region. She was formerly head of external fund management at Singapore's central bank.