PFG Principal Financial Group Inc.

Principal Asia Chair to Retire

DES MOINES, Iowa--(BUSINESS WIRE)--

Principal Financial Group® announced today that Rex Auyeung, chairman of Principal Asia, will be retiring in June 2017 after 23 years of service. Thomas Cheong, vice president of North Asia, and Pedro Borda, vice president of South Asia and India, will continue to lead business operations in the region.

“Rex has been one of our most important assets in Asia; helping to strengthen and expand our business relationships across the continent,” said Luis Valdes, president of Principal International. “While he will be greatly missed, I am confident our operations in Asia will continue to be strong thanks to the experienced leadership of Thomas Cheong over North Asia, and Pedro Borda over South Asia and India.”

Auyeung joined Principal in 1994. He has led Principal International operations in Asia, which includes Hong Kong, India, China and Southeast Asia. Under his direction, the region has grown to more than $120 billion AUM. Auyeung developed and strengthened relationships in the region through strategic joint venture partnerships, including CCB Principal Asset Management, Principal Pnb Asset Management in India, and CIMB-Principal Asset Management in Southeast Asia.

Following Auyeung’s retirement, Cheong and Borda will report directly to Valdes as they continue to lead North Asia and South Asia, respectively.

About Principal®

Principal helps people and companies around the world build, protect and advance their financial well-being through retirement, insurance and asset management solutions that fit their lives. Our employees are passionate about helping clients of all income and portfolio sizes achieve their goals – offering innovative ideas, investment expertise and real-life solutions to make financial progress possible. To find out more, visit us at principal.com.

Principal, Principal and symbol design and Principal Financial Group are trademarks and service marks of Principal Financial Services, Inc., a member of the Principal Financial Group.

EN
13/02/2017

Underlying

PFGPrincipal Financial Group Inc.

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Principal Financial Group Inc.

EUR 155.00
PFG Principal Finan...

Moody’s Ratings rates Principal’s senior debt Baa1; stable outlook

guaranteed senior unsecured debt at Baa1, stable outlook). The notes are a drawdown and dissolution of High Street Funding Trust I which is Principal's Pre-Capitalized Trust Securities (P-Caps) contingent capital facility. The proceed of the debt issuance will be used for general corporate purposes,...

PFG PRINCIPAL FINANCIAL GROUP INC.
03/28/25 March 28, 2025 1 EN
Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke
EUR 43.06
UNM UNUM GROUP
TRV Travelers Compa... ... (+27)

Vermilion Compass: Weekly Equity Strategy

S&P 500 and Nasdaq 100 Testing Initial Support In last week's 2/25/25 Compass, we discussed our expectation for near-term downside as the S&P 500 and Nasdaq 100 (QQQ) displayed several bearish short-term developments. We also said it likely means at least another 2-4 weeks of consolidation, and that if the S&P 500 remains below 6100 and 6150 resistances, do not be surprised if there is a test of the bottom of the range at either 5770-5850 or 5600-5670, where we would be buyers (though we need 5...

UNM UNUM GROUP
TRV TRAVELERS COMPANIES INC.
AFL AFLAC INCORPORATED
PPL PPL CORPORATION
PFG PRINCIPAL FINANCIAL GROUP INC.
NI NISOURCE INC
NFG NATIONAL FUEL GAS COMPANY
MKL MARKEL CORPORATION
MFC. MANULIFE FINANCIAL CORPORATION
EXC EXELON CORPORATION
ERIE ERIE INDEMNITY COMPANY CLASS A
EQT EQT CORPORATION
ED CONSOLIDATED EDISON INC.
CPK CHESAPEAKE UTILITIES CORPORATION
CB CHUBB LIMITED
ALL ALLSTATE CORPORATION
FNF FIDELITY NATIONAL FINANCIAL INC. - FNF GROUP
MET METLIFE INC.
BRK.B BERKSHIRE HATHAWAY INC. CLASS B
SLF SALAFIN
CNA CNA FINANCIAL CORPORATION
UGI UGI CORPORATION
NJR NEW JERSEY RESOURCES CORPORATION
PRU2 PRUDENTIAL PLC
CINF CI GLOBAL INFRASTRUCTURE PRIVATE POOL
EQH EQUITABLE HOLDINGS INC.
CRBG COREBRIDGE FINANCIAL INC.
03/04/25 March 4, 2025 1 EN
EUR 155.00
PFG Principal Finan...

Moody’s Ratings rates Principal’s new P-Caps Baa1; stable outlook

New York , February 27, 2025 – Moody's Ratings (Moody's) has assigned a Baa1 senior unsecured debt rating to the Pre-capitalized Trust Securities (P-Caps) expected to be issued by High Street Funding Trust III, a Delaware statutory trust, that will serve as a source of liquidity for Principal Financ...

PFG PRINCIPAL FINANCIAL GROUP INC.
02/27/25 February 27, 2025 1 EN
Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke
EUR 43.06
AFL Aflac Incorpora...
UHS Universal Healt... ... (+21)

Vermilion Compass: Weekly Equity Strategy

SPX Testing Resistance as Rate Cut Cycle Begins The S&P 500 (SPX) is back to test YTD highs and important resistance in the 5670-5783 range. This is an important target/resistance area we have discussed for weeks; using the 2007 SPX topping analog which has tracked the current market almost perfectly, it would suggest a 2% or less move above the prior all-time high set in July at 5670 before topping, which is where we get the 5783 number. As long as the SPX does not have a weekly close above 57...

AFL AFLAC INCORPORATED
UHS UNIVERSAL HEALTH SERVICES INC. CLASS B
THC TENET HEALTHCARE CORPORATION
SGRY SURGERY PARTNERS INC.
SEM SELECT MEDICAL HOLDINGS CORPORATION
PFG PRINCIPAL FINANCIAL GROUP INC.
NDAQ NASDAQ INC.
MKTX MARKETAXESS HOLDINGS INC.
MFC. MANULIFE FINANCIAL CORPORATION
IBKR INTERACTIVE BROKERS GROUP INC. CLASS A
HCA HCA HEALTHCARE INC
CME CME GROUP INC. CLASS A
CBOE CBOE GLOBAL MARKETS INC
PRU PRUDENTIAL FINANCIAL INC.
VIRT VIRTU FINANCIAL INC. CLASS A
MET METLIFE INC.
CYH COMMUNITY HEALTH SYSTEMS INC.
ICE CANLAN ICE SPORTS
SLF SALAFIN
SNEX STONEX GROUP INC
EQH EQUITABLE HOLDINGS INC.
09/18/24 September 18, 2024 1 EN
EUR 172.22
PFG Principal Finan...

Principal Financial Group, Inc.: Key facts and statistics - 2023

A summary company profile, detailing Principal Financial Group, Inc.’s business operations and financial highlights.

PFG PRINCIPAL FINANCIAL GROUP INC.
05/22/24 May 22, 2024 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch