Principal Hires Rank, Hanson to Help Run $7 Billion of Junk Debt

Principal Financial Group Inc. (PFG), the provider of life insurance and retirement products, hired Josh Rank and Matt Hanson to help run a $7 billion portfolio of high-yield assets at the fixed income division.

Rank and Hanson previously worked at the North American investment unit of Aviva Plc, Des Moines, Iowa-based Principal said today in a statement distributed by Business Wire.

To contact the reporter on this story: Zachary Tracer in New York at

To contact the editor responsible for this story: Dan Kraut at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.