Company Website:
http://www.principal.com
DES MOINES, Iowa -- (Business Wire)
The Principal Financial Group® today announced Thomas Cheong
will join the organization in a new role as vice president of North Asia
for Principal International. Cheong will oversee Principal International
operations and relationships in mainland China and Hong Kong, and will
work closely with Principal Global Investors Asia business partners and
joint venture partners in the region. Cheong will report to Rex Auyeung,
president, Principal International (Asia), and will begin in early
January.
“As we extend our franchise of long-term savings and asset management
capabilities in the region, it is critical to also broaden our
management team in Asia,” said Luis E. Valdes, president of Principal
International. “We are excited about Thomas joining The Principal and
bringing his extensive knowledge in the Asian financial services
industry to the organization.”
Before joining The Principal, Cheong was CEO and executive director of
Manulife Asset Management in Taiwan. He also worked as a vice president
at China Asset Management in Shanghai, and CEO for Prudential Funds
Management in Malaysia.
Cheong has a bachelor’s degree in economics from the London School of
Economics and an MBA from Washington University – Fudan University
Executive MBA Program.
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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 $513.5 billion in assets under management2 and
serves some 19.5 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, 2014.
Contacts:
US Media Contact:
The Principal
Susan Houser, 515-248-2268
houser.susan@principal.com
or
HK
Media Contact:
Principal Hong Kong
Rex Auyeung, 852-2829-8838
auyeung.rex@principal.com
or
Investor
Contact:
John Egan, 515-235-9500
egan.john@principal.com
Source: Principal Financial Group
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