Principal Financial Group, the parent of fund manager Principal Global Investors, has linked up with...
Principal Financial Group, the parent of fund manager Principal Global Investors, has linked up with Malaysian banking giant CIMB Group to launch CIMB-Principal Islamic Asset Management. Operating from the Malaysia International Islamic Financial Centre (MIFC), the firm will offer a range of Shari'ah-compliant investment mandates and unit trusts to institutional and retail investors throughout Asia, Europe, the Americas and the Middle East. Commenting on the link-up, Jim McCaughan, president and CEO of Principal Global Investors, said: "CIMB Group has excellent Islamic finance credentia...
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