Principal completes acquisition of Principal Pnb Asset Management Company in India
Principal completes acquisition of Principal Pnb Asset Management Company in India (Mumbai, India) – Principal Financial Group announced today the completion of a full share buy-back of PNB’s shares giving Principal full ownership of the Principal Pnb Asset Management Company Private Limited. “We are excited to build on our commitment to helping Indians achieve their personal investment goals and increase their long term financial security by further investing in this important market,” said Pedro Borda, President of Principal Southeast Asia and India. “Punjab National Bank continues to be a valuable partner as a distributor through their vast branch network.” Principal has been in India for nearly 20 years, delivering investment products and services to retail and institutional clients. In the future, Principal is planning to continue to bring innovation to the Indian market through digital advancements that will help our distribution partners better serve their c...