|[December 05, 2012]
The Principal Financial Group Announces Executive Leadership Changes
DES MOINES, Iowa --(Business Wire)--
Principal Financial Group® announces
that Julia Lawler, currently senior vice president and chief
investment officer (CIO) at The
Principal®, will become senior vice president
- Investment Services. Tim Dunbar, currently senior vice
president - Strategy and Finance, will replace Lawler as senior vice
president and chief investment officer. The changes are effective in
"These senior leadership changes reflect The Principal's continued
growth as a global investment management leader. As an early adopter of
open investment architecture and a multi-manager investment platform,
today in the U.S. we offer retirement clients investments from Principal
Global Investors and 44 outside sub-advisory firms," says Larry D.
Zimpleman, chairman, president and chief executive officer of The
Principal. "Given the extensive growth of The Principal globally, our
international businesses require similar rigor around the management of
external investment firms in all the countries where we do business.
This is an ideal time to build on the experiences of our strong senior
management team and shift responsibilities accordingly."
In Lawler's new role, she wil oversee The Principal retirement and
mutual fund investment platform for our clients across all outside asset
managers both domestically and globally. Her responsibilities will
include global investment performance monitoring, measurement and
reporting, and maintaining relationships with outside managers and our
proprietary investment manager, Principal Global Investors.
Lawler joined The Principal in 1984 as a commercial real estate
representative and was promoted in various real estate and senior equity
roles. She also served as head of Capital Markets before moving into the
Dunbar will continue to oversee Capital Markets at The Principal, and
will replace Lawler in the chief investment officer role. He will
oversee the strategic allocation of the General Account and chair the
company's Investment Committee. Dunbar joined the company in 1986 as an
asset manager representative. He also has served in a number of roles
throughout the company including Commercial Real Estate, equity
management, and member of the global management team for Principal
International in Monterrey, Mexico. He was appointed to head Capital
Markets, Corporate Strategy and Corporate Treasury areas in 2011.
Dennis Menken, portfolio manager, will be promoted to vice
president and portfolio manager for the organization's General Account.
He will be responsible for managing the multi-sector insurance
portfolios for Principal Life Insurance Company. Menken joined The
Principal in 1994. Prior to his current role, he was a portfolio manager
for the corporate segment. He also has served as an auditor at Deloitte (News - Alert)
& Touche. He is a Chartered Financial Analyst and Certified Public
For more news and insights from The Principal, connect with us on
Twitter (News - Alert) at http://twitter.com/ThePrincipal.
About the Principal Financial Group
The Principal Financial Group® (The Principal ®)1
is a global investment management leader offering retirement services,
insurance solutions and asset management. The Principal offers
businesses, individuals and institutional clients a wide range of
financial products and services through its diverse family of companies.
Founded in 1879 and a member of the FORTUNE 500®, the
Principal Financial Group has $392.2 billion in assets under management2
and serves some 18.3 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.
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 September 30, 2012.
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