Principal Global Investors Announces New Head of Emerging Market Equities
Mihail Dobrinov promoted to lead role
DES MOINES, Iowa -- November 12, 2012
Principal Global Investors, LLC, a leading global asset manager and a member
of the Principal Financial Group^® (NYSE:PFG), announces Mihail Dobrinov has
been named head of the emerging market equities team.
In this role, Dobrinov is responsible for the management of $9.3 billion in
assets, including portfolio management of the $1.62 billion Principal
International Emerging Markets fund and $1.8 billion in Asian regional
“We are pleased to announce Mihail as the new lead of the emerging market
equities team,” said Barb McKenzie, executive director – chief operating
officer at Principal Global Investors. “He is ideally suited to this new role,
with 17 years of emerging markets investment experience with Principal Global
Investors. He remains well versed in our time-tested, globally integrated
investment process and research platform.”
Dobrinov joined Principal Global Investors in 1995 as an international and
emerging market debt and currency specialist. He joined the equities team in
2002 and has served as a portfolio manager for emerging markets equities since
2007. He replaces Michael Reynal, who has left Principal Global Investors, in
this role. For the last several years, Dobrinov and Reynal have been
co-portfolio managers on most of the assets managed by the emerging market
equities team, and Dobrinov continues in that capacity.
Principal Global Investors has been managing emerging market equities since
1987 as part of its International Equity strategy, and began managing a
dedicated Emerging Markets Equity strategy in 1995. Since then, the firm has
developed a suite of complementary emerging markets and regional Asian equity
strategies. The Principal has asset management functions in key emerging
markets around the globe, including China, Brazil and India.
“Mihail’s familiarity with our proprietary Global Research Platform and
globally integrated investment process make him a unique fit to take the lead
on our emerging market equities team,” said Mustafa Sagun, chief investment
officer, equities, at Principal Global Investors. “We’re confident Mihail’s
leadership and experience will prove an excellent fit in his new role.”
About Principal Global Investors
Principal Global Investors is a diversified asset management organization and
a member of the Principal Financial Group^®, with expertise in equities, fixed
income and real estate investments, as well as specialized overlay and
advisory services. Principal Global Investors manages $276.2 billion in
assets^1 primarily for retirement plans and other institutional clients^2.
About the Principal Financial Group
The Principal Financial Group^® (The Principal ^®)^3 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, including retirement,
asset management and insurance through its diverse family of financial
services companies. Founded in 1879 and a member of the FORTUNE 500^®, the
Principal Financial Group has $392.2 billion in assets under management^4 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 As of Sept. 30, 2012.
^2 Principal Global Investors is the asset management arm of the Principal
Financial Group ® (The Principal ®)¹ and includes the asset management
operations of the following subsidiaries of The Principal: Principal Global
Investors, LLC; Principal Real Estate Investors, LLC; Spectrum Asset
Management, Inc.; Post Advisory Group, LLC; Columbus Circle Investors; Edge
Asset Management, Inc.; Morley Financial Services Inc.; Finisterre Capital,
LLP; Origin Asset Management, LLP; Principal Global Investors (Europe)
Limited; Principal Global Investors (Singapore) Ltd.; Principal Global
Investors (Australia) Ltd.; Principal Global Investors (Japan) Ltd.; Principal
Global Investors (Hong Kong) Ltd.; CIMB-Principal Islamic Asset Management
Sdn. Bhd.; and the majority owned affiliates of Principal International, Inc.
Assets under management includes assets managed by investment professionals of
Principal Global Investors under dual employee arrangements with other
subsidiaries of The Principal.
^3 “The Principal Financial Group” and “The Principal” are registered service
marks of Principal Financial Services, Inc., a member of the Principal
^4 As of September 30, 2012.
Principal Financial Group
Adam Lackey, 515-362-0482
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