Principal announces powerful retirement and trust leadership team

New leaders from Wells Fargo Institutional Retirement & Trust to join Principal at integration

On June 14, we announced additions to our Retirement and Income Solutions leadership teams. We’re bringing on board top talent from Wells Fargo’s Institutional Retirement & Trust (Wells Fargo IRT) to establish a unified team to lead our integrated organization in the future.

Having the right leadership team in place will help ensure minimal client disruption and retain key institutional knowledge and experience. Not to mention, leverage the experiences of leaders who’ve managed complex integrations, and client and employee transitions.

Together with Wells Fargo IRT, we’re making progress toward closing this acquisition early in third quarter, pending regulatory approval. We’re committed to a thoughtful and deliberate integration, and the acquisition agreement allows a long transition period. During this time, product offerings and service teams will remain consistent for clients while we bring together capabilities from both organizations to create new value for our clients – no matter their size or scope.

Combined we’ll have unmatched capabilities across our people, solutions, technology and service. And we are positioned to successfully meet the needs of all customer segments with comprehensive retirement, trust and custody, executive benefits and discretionary asset management offerings.

Additional leadership appointments will be made post-closing and throughout the transition process. Further details regarding the leadership structure and integration of the Wells Fargo deferred executive compensation and discretionary asset advisory businesses will be shared in the weeks to come as the two businesses continue to work toward integration.

Read the full press release to learn more about these leader appointments.