Bringing you live news and features since 2006 

Principal announces new leadership in Germany


Principal Global Investors (PGI) has appointed Frank Richter to lead the firm’s German and Austrian operations, building on its European presence as an established, multi-boutique investment player.

Richter (pictured), will be responsible for fostering relationships with financial intermediaries and institutional investors to ensure they have the investment solutions they need.
While Principal has been in Germany since 2003, this will be the first time PGI is also focusing on serving the Austrian market as well.
“PGI has a strong track record operating in Germany, and we see a lot of growth opportunities in the region for our broad range of investment solutions, including bringing more focus to Austria,” says Tim Stumpff, CEO of Principal Global Investors Europe. “With more than 20 years in the asset management industry, Frank’s wealth of experience working in Germany and Austria will be an important and valuable addition for the firm to continue to grow and to support products across multiple asset classes.”
Richter joins Principal from Standard Life Investments where he served as country head and head of institutional business for Germany and Austria. During this time, he oversaw and developed wholesale and institutional sales teams and executed distribution strategies. Prior to this, he was head of institutional business for Germany and Austria for AXA Investment Managers.
“It is exciting to join a global team that is investing in and continuing to grow its European business,” says Richter. “I look forward to bringing Principal’s wide range of investment strategies, including those from the recently-announced acquisition of Internos, to more clients.”

Latest News

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..

Related Articles

Sal Esposito, Zacks Investment Management
Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs...
Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by