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Morley Financial Services Announces New CIO

Bill Finley to lead investment team

April 8, 2010 (Portland, Oregon) - Morley Financial Services in Portland, Ore., announces William "Bill" Finley will join Morley as its chief investment officer (CIO), effective April 12, 2010. Morley is an affiliate of Principal Global Investors and member company of the Principal Financial Group®.

"We are excited to have Bill join our organization," said Tim Stumpff, president of Morley. "He is uniquely qualified to lead the Morley investment team during this period of redefinition in the stable value industry. Bill was a pioneer in the development and use of synthetic guaranteed investment contracts, and his expertise in managing stable value portfolios will serve our clients well."

Stumpff says Finley's investment philosophy fits with the conservative approach that Morley has used throughout its 25-year history. Coupled with Morley's new and unique access to wrap capacity from the Principal Life Insurance Company, he believes naming Finley as CIO enhances the firm's position and relationships with clients.

Finley was formerly with Fortis Investments and its various affiliates and predecessor organizations, starting its stable value group in 1985 and serving for the past eight years as the CIO of its stable value and money market group. He brings almost 25 years of stable value portfolio experience and has also managed other fixed income portfolios. Finley earned a bachelor's degree from the University of Nebraska and his MBA from Northwestern University. He is a Chartered Financial Analyst charter holder.

About Morley Financial Services

Morley Financial Services is a leader in the stable fixed income industry, handling various aspects of stable value investing, including portfolio management, research, sales and service. Founded in 1982, the company oversees more than $15 billion[1] in assets for a diverse group of institutional clients, including leading banks, corporations, Taft-Hartley Funds and investment counselors across the United States. Morley offers collective funds through its affiliated trust company, Union Bond & Trust. In 2007, Morley was acquired by the Principal Financial Group.

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. A member of the Fortune 500, the Principal Financial Group has $284.7 billion in assets under management[1] and serves some 18.9 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.

About Principal Global Investors

Principal Global Investors is a diversified asset management organization and a member 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 $215.4 billion[1] in assets primarily for retirement plans and other institutional clients.

[1]
As of December 31, 2009.
[2]
The Principal Financial Group and The Principal are registered service marks of Principal Financial Services, Inc., a member of the Principal Financial Group.
Questions?

Call 515.246.4907 or see the full Media Relations contact list.

Call 515.246.4907 or see the full Media Relations contact list.

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