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Seguros e Previdência S.A.
BrasilPrev is a joint venture company formed in 1999 between the Principal
Financial Group and Banco do Brasil, the largest bank in Brazil. The company
provides for the retirement needs of employers and individuals mainly with
sales of defined contribution plans.
- Principal Compañía
de Seguros de Vida Chile, S.A.
The Principal Financial Group entered the Chilean market in 1995 and offers
a variety of financial products focusing primarily on the sale of annuities
to individuals planning to withdraw funds from the compulsory privatized social
security system (AFP). Principal Vida Chile also sells life and long-term
savings products to individuals and growing businesses.
- Principal Creditos Hipotecarios, S.A.
The Principal Financial Group acquired a majority interest in Andueza y Cia,
Agentes de Mutuos Hipotecarios S.A., a Chilean residential mortgage operation
in 1999. Under our joint venture, the company sells and services mortgage
loans and investments in Chile.
- Principal Administradora General de Fondos, S.A.
The Principal Financial Group acquired a majority interest in Tanner Administradora
de Fondos Mutuos S.A., a Chilean mutual fund operation, in 2002. The company sells and services voluntary pension plans.
- Principal Asset Management
This company specializes in asset management and advisory for institutional clients and investments abroad, serving some of the largest investors in the country via debt and capitalization instruments, mutual funds and investment in real estate.
CIMB-Principal Asset Management Berhad
The Principal Financial Group owns 40 percent of CIMB-Principal Asset Management Berhad. Our joint venture partner is the CIMB Group, Southeast Asia's largest investment banking group. CIMB-Principal Asset Management's team of dedicated investment professionals offers expertise in equities, fixed income, cash and Shariah-compliant fund management. One of the largest asset management companies in Malaysia, CIMB-Principal Asset Management manufactures and distributes a comprehensive range of mutual funds, and manages customized portfolio mandates for corporations and institutions.
CIMB-Principal Islamic Asset Management Sdn. Bhd.
CIMB-Principal Islamic Asset Management acts as a global partner to institutional global investors, providing a range of Islamic investment portfolios to suit differing needs. Headquartered in Kuala Lumpur, Malaysia, CIMB-Principal Islamic is strategically located in the world's first country with a complete Islamic financial system operating in parallel to the conventional banking system. This allows the firm to leverage on Malaysia's comprehensive Islamic financial infrastructure and its adopted global regulatory, legal and Shariah best practices.
AFORE, S.A. de C.V.
Headquartered in Monterrey, Mexico-Principal AFORE is a private pension company
that manages and administers individual employee retirement plans. In 1997,
the Mexican government created a compulsory retirement system for employees
called Administradoras de Fondos de Retiro, commonly known as AFORE. An AFORE
is a pre-retirement accumulation company.
Mexico, Compañía de Seguros, S.A. de C.V.
In 1993, the Principal Financial Group established operations in Mexico City. Principal Mexico offers Group life products, Voluntary Pension Plans and Private Annuities, as well as individual universal life products.
Pensiones, S.A. de C.V.
Principal Pensiones was launched in July 1999. Principal Pensiones offers annuity products for death and disability payments to employees that participate in the social security system and will provide annuities to employees exiting the state-mandated AFORE retirement system.
Global Investors (Australia), Ltd.
Principal Global Investors, a member of the Principal Financial Group,
is a diversified asset management organization with operations in the United
States, Latin America, Europe, Asia and Australia. Globally we manage over
$US90 billion in assets primarily for retirement plans and other institutional
clients. Our investment capabilities encompass an extensive range of real
estate, fixed income and equity investments as well as specialized overlay
and advisory services. Principal Global Investors Australia gives local
investors access to our extensive range of Australian and global investment
- China and Hong Kong
Company (Hong Kong), Ltd., Principal Trust Company (Asia), Ltd., Principal
Asset Management Company (Asia), Ltd.
The Principal Financial Group established an insurance company in Hong Kong
SAR in 1996. The company mainly offers group pension products including retirement
plan administration and asset management services to employers and employees
under the Hong Kong compulsory Mandatory Provident Fund (MPF) Schemes and
voluntary Occupational Retirement Scheme Ordinances Plans. It also provides
group life and medical products.
Life Insurance Company - Beijing Representative Office
In early 1995, the Principal Financial Group established a presence in the
People's Republic of China. This office conducts research and market assessment
on the potential private pension market for China.
- Principal Global
Investors (Asia), Ltd.
Principal Global Investors (Asia), Ltd. was originally incorporated in Hong
Kong in 1991 and became known as Principal Global Investors (Asia), Ltd. in
October 2002. Principal International (Asia), Ltd. acquired ownership in August
1999. Principal Global Investors (Asia), Ltd. distributes institutional and retail
investment management products and provides client servicing for Hong Kong-based
clients. Principal Global represents the investment management capabilities
of the Des Moines, Iowa investment management teams (Invista, Principal
Income Investors, and Principal Real Estate Investors).
Principal Global Investors--Beijing Representative
In early 2002, the Principal Financial Group opened its second representative
office in the People's Republic of China. This office conducts research on
potential opportunities related to asset management in China.
Global Investors (Singapore), Ltd.
Principal Global Investors (Singapore), Ltd. distributes institutional and
retail investment management products and provides client servicing for Singapore-based
clients. Principal Global Investors (Singapore), Ltd. represents the investment
management capabilities of the Des Moines, Iowa investment management teams
(Invista, Principal Income Investors, and Principal Real Estate Investors).
Principal PNB Asset Management Company
Principal PNB Asset Management Company sells long-term investment plans and mutual funds and distributes its products through Punjab National Bank (PNB) and Vijaya Bank, as well as via other financial service distributors, major private banks and the Indian Post Office. The Principal Financial Group first entered India in September 2000 through a joint venture with the Industrial Development Bank in India (IDBI). In 2003, The Principal purchased IDBI's 50 percent stake in IDBI-PRINCIPAL Asset Management Company Limited and entered into a joint venture with Punjab National Bank (PNB) and Vijaya Bank.
- UK & Europe
Global Investors (Europe), Ltd.
Principal Global Investors (Europe) Ltd. offers European institutional investors
access to the global investment capabilities of the Principal Financial Group
through segregated mandates and a range of mutual funds. Based in London,
the operation coordinates client service across the European region and acts
as conduit for other services offered by the Principal Financial Group.