Principal Capital Announces Head of Global Fixed Income; Gloria D. Reeg named President of Principal Capital Income Investors.Business Editors DES MOINES Des Moines, city, United States Des Moines (dĭ moin`), city (1990 pop. 193,187), state capital and seat of Polk co., S central Iowa, at the junction of the Des Moines and Raccoon rivers; inc. , Iowa--(BUSINESS WIRE)--Feb. 7, 2002 Principal Capital(SM), a member of the Principal Financial Group(R), today announced the appointment of Gloria Reeg as head of its $47 billion global fixed income business. Reeg has been named president of Principal Capital's dedicated fixed income asset management affiliate, Principal Capital Income Investors. In this new position, Reeg will also lead the coordination of fixed income investment operations for Principal Capital's international affiliates. She will expand Principal Capital's presence in the global institutional marketplace, drawing upon the expertise of over 90 fixed income investment professionals. This expertise spans all major market sectors and covers debt markets in more than 50 countries. "Gloria's successful track record in the global institutional asset consulting marketplace brings a high level of international industry leadership and a strong client focus to our fixed income business," said Dennis Francis, Chief Executive Officer of Principal Capital. "Her addition underscores our commitment to be a top tier investment manager in both domestic and international fixed income." Reeg has over 25 years experience in the investment business. Most recently, she served as managing director, global consulting with the Frank Russell Frank Russell may refer to the following people:
n. An academic degree conferred by a college or university upon those who complete at least one year of prescribed study beyond the bachelor's degree. Noun 1. in finance from Northwestern University Northwestern University, mainly at Evanston, Ill.; coeducational; chartered 1851, opened 1855 by Methodists. In 1873 it absorbed Evanston College for Ladies. and a mathematics degree from the University of Wisconsin. 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 mortgage banking through its diverse family of financial services companies. A member of the Fortune 500, the Principal Financial Group has $120.2 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 clients 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 . www.principal.com. (1) "The Principal Financial Group" and "The Principal" are registered trademarks referring to Principal Financial Group, Inc.. (2) As of December 31, 2001. |
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