Ann Shelton Named Chief Financial Officer of Principal Bank.DES MOINES, Iowa “Des Moines” redirects here. For other uses, see Des Moines (disambiguation). Des Moines (pronounced /dɪˈmɔɪn/ in English, -- The Principal Financial Group([R]) announces Ann Shelton has been named chief financial officer of Principal Bank. In this role, Shelton is responsible for asset-liability and interest-rate risk management for the bank, as well as all types of financial reporting. "Ann's experience and active involvement in financial management and strategy development will be a valuable addition to the team" said Art Bacci, president of Principal Bank. "We look forward to her contributions as we focus on building strong business and client relationships by providing banking services that give customers an edge." Before joining Principal Bank, Shelton served as chief financial officer of Wells Fargo Bank in Des Moines, Iowa. Her background includes serving in a variety of financial roles at Pella Corporation, Ernst & Young and Deloitte & Touche. Shelton earned her bachelor's degree at Iowa State University Academics ISU is best known for its degree programs in science, engineering, and agriculture. ISU is also home of the world's first electronic digital computing device, the Atanasoff–Berry Computer. in Ames, Iowa and her master's degree from St. Ambrose University in Davenport, Iowa. About Principal Bank Principal Bank, a member of the Principal Financial Group([R]), is an FDIC-insured federal savings bank Noun 1. federal savings bank - a federally chartered savings bank FSB savings bank - a thrift institution in the northeastern United States; since deregulation in the 1980s they offer services competitive with many commercial banks , offering customers traditional and innovative banking products and services through the Internet, telephone personal bankers (available 24 hours a day, 365 days a year), U.S. mail and a nationwide network of ATMs. About the Principal Financial Group The Principal Financial Group([R])(The Principal ([R]))1 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 $282.1 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. 2 and serves some 18.1 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 New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors PFG PFG Principal Financial Group PFG Performance Food Group (Richmond, VA) PFG Pinnacle Financial Group PFG Plasma Flood Gun PFG Planning for Growth PFG Pasty Faced Geek PFG Perfluoroguanidine . 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 June 30, 2007 |
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