DES MOINES, Iowa--(BUSINESS WIRE)--
The Principal Financial Group® announces the promotion of Tim
Dunbar to executive vice president and chief investment officer
effective January 1, 2014. Dunbar will continue in his role as chief
investment officer and retain oversight of the company’s capital markets
“This promotion reflects Tim’s leadership of the company’s investment
strategy as our global investment footprint expands,” said Larry D.
Zimpleman, chairman, president and chief executive officer of The
Principal®. “His over 27 years of experience in our asset
management, international and capital markets operations also give him a
great base from which to drive our continued success in mergers and
Dunbar continues to report to Larry Zimpleman. Reporting to Dunbar are
Lou Flori, vice president of capital markets, and Dennis Menken, vice
president and portfolio manager for the organization’s General Account.
Dunbar joined the company in the commercial real estate division of The
Principal in 1986. He was appointed managing director, Principal
International in 1997, and executive director and head of equities for
Principal Global Investors in 2004. In 2011, he was named senior vice
president of strategy and finance. He became chief investment officer in
2012. He is a member of the board of directors for Claritas
Administração de Recursos Ltda. / Claritas Investments, Ltd. (Claritas),
BrasilPrev Seguros e Previdência S.A. (BrazilPrev), Principal Commercial
Acceptance, the Greater Des Moines Botanical Center and Bread for the
World. He received a bachelor’s degree from Iowa State University in
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About the Principal Financial Group
The Principal Financial Group® (The Principal®)1
is a global investment management leader offering retirement services,
insurance solutions and asset management. The Principal offers
businesses, individuals and institutional clients a wide range of
financial products and services, including retirement, asset management
and insurance through its diverse family of financial services
companies. Founded in 1879 and a member of the FORTUNE 500®,
the Principal Financial Group has $466.2 billion in assets under
management2 and serves some 19.0 million customers worldwide
from offices in Asia, Australia, Europe, Latin America and the United
States. Principal Financial Group, Inc. is traded on the New York Stock
Exchange under the ticker symbol PFG. For more information, visit www.principal.com.
1 “The Principal Financial Group” and “The Principal” are
registered service marks of Principal Financial Services, Inc., a member
of the Principal Financial Group.
2 As of Sept. 30, 2013.
Source: Principal Financial Group