"In countries where Principal is present, we are dedicated to management of resources for retirement and we believe there is a great potential in Mexico,” says the firm's Luis Lozano,
Principal Afore to invest up to USD 200 million in first international mandate
The selected manager must be very active in the geography of interest, "in order to operate with great depth in terms of company selection, which is what interests us," Juan Manuel Verón, chief investment officer of this global operator in Mexico, told Fund Pro Latin America.
Principal launches international fund platform in Chile
María Eugenia Norambuena told Fund Pro Latin America that Principal is leveraging in Chile its unique worldwide business model, which is based on a multi-boutique strategy and powered by wholly-owned affiliated companies, such as Spectrum Asset Management.
Principal Financial has new CEO in Mexico
Llaneza took over in April, replacing Alejandro Elizondo who became vice-president and CEO of Principal Financial International based in Iowa.