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 credentials. Their unique insights on how to address the Islamic marketplace, combined with our expertise in international investments and global asset management, is a great partnership that will p...
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