Principal Global Investors Expands Institutional Sales Team
Sept. 12, 2006 (Des Moines, Iowa) — Principal Global Investors, a diversified asset management organization with world class investment expertise in fixed income, equities and real estate, today announced the appointment of Thomas Macior as director -- institutional marketing. Macior will be responsible for the institutional sales and marketing efforts of Principal Global Investors in the Northeast region of the United States. He will be based in New York.
"I am pleased Tom has agreed to lead our efforts to expand our sales coverage of such a key region of the U.S.," said Patrick J. Mc Nelis, executive director - institutional sales. "With more than 20 years experience in the asset management industry, Tom's background, experience, and skill set will be critical as we increase our focus on building relationships with large institutional investors, many of which are concentrated in the Northeast."
Macior comes to Principal Global Investors from Pioneer Investment Management, Inc., where he served as senior vice president - institutional sales. In that capacity, he directed all of Pioneer's institutional sales efforts, calling on large institutional investors across the country and in particular in the Northeast. Prior to his tenure at Pioneer, he held senior sales and business leadership positions at firms such as Bank One Investment Management, Harris Investment Management, and Dun & Bradstreet. He has an MBA in finance and entrepreneurship from DePaul University and a BA from the University of Iowa.
About Principal Global Investors
Principal Global Investors is a diversified asset management organization and a wholly-owned subsidiary of the Principal Financial Group®, with expertise in equities, fixed income and real estate investments, as well as specialized overlay and advisory services. Principal Global Investors manages $168.8 billion in assets primarily for retirement plans and other institutional clients.1
About the Principal Financial Group
The Principal Financial Group® (The Principal®)2 is a leader in offering businesses, individuals and institutional clients a wide range of financial products and services, including retirement and investment services, life and health insurance and banking through its diverse family of financial services companies and national network of financial professionals. A member of the Fortune 500, the Principal Financial Group has $206 billion in assets under management3 and serves some 16.3 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) As of June 30, 2006. Principal Global Investors is the asset management arm of the Principal Financial Group® (The Principal®), and includes the global asset management operations of the following members of The Principal: Principal Global Investors, LLC; Principal Real Estate Investors, LLC; Spectrum Asset Management, Inc.; Post Advisory Group, LLC; Columbus Circle Investors; Principal Global Investors (Europe) Limited; Principal Global Investors (Singapore) Ltd; Principal Global Investors (Australia) Ltd; and Principal International, Inc., its subsidiaries and affiliates.
2) "The Principal Financial Group" and "The Principal" are registered service marks of Principal Financial Services, Inc., a member of the Principal Financial Group.
3) As of June 30, 2006.
