Principal Asset Management℠, the investment management unit of Principal Financial Group®, announced today Pensions & Investments named the firm 2024 Best Place to Work in Money Management. This is the 13th consecutive year Principal has been recognized as a best place to work in the “largest employers” category, earning the recognition every year since the program’s inception.

“Building a strong asset management firm isn’t just about managing investments – it’s about creating a global culture where our team thrives on personal engagement, grows together with our clients, and is empowered to transform our platform,” said Kamal Bhatia, president and CEO, Principal Asset Management. “As workplace expectations continue to evolve, our employees and leaders remain committed to fostering an organization that is a cultural role model. Being named a Best Place to Work in Money Management isn’t easily achieved, and we are very proud to be recognized again.”

This recognition continues to highlight the commitment from Principal Asset Management to foster a collaborative workplace culture and prioritize employee engagement and innovation. The firm provides employees with a range of programs designed to foster a strong, supportive and inclusive workplace, including flexible work arrangements, a global mentoring program to encourage career growth, and comprehensive wellness initiatives. These efforts underscore the dedication of Principal to engage employees and deliver impactful solutions for clients worldwide.

About Pensions & Investments’ Best Place to Work in Money Management

Presented by Pensions & Investments, the global news source of money management and institutional investing, the 13th annual survey and recognition program is dedicated to identifying and recognizing the best employers in the money management industry.

The first part of the award consideration process included evaluating each nominated company's workplace policies, practices, philosophy, systems, and demographics. This part of the process was worth approximately 20% of the total evaluation. The second part consisted of an employee survey to measure the employee experience. This part of the process was worth approximately 80% of the total evaluation. The combined scores determined the top companies.

For a complete list of the 2024 Pensions & Investments’ Best Places to Work in Money Management winners and the profiles of the top firms across size categories, go to http://www.pionline.com/BPTW2024.

About Principal Asset Management℠

With public and private market capabilities across all asset classes, Principal Asset Management and its investment specialists look at asset management through a different lens, creating solutions to help deliver client investment objectives. By applying local insights with global perspectives, Principal Asset Management identifies distinct and compelling investment opportunities for more than 1,100 institutional clients in over 80 markets.1 Principal Asset Management is the global investment solutions business for Principal Financial Group® (Nasdaq: PFG), managing $585.6 billion in assets1 and recognized as a “Best Places to Work in Money Management”2 for 13 consecutive years.

Learn more at www.PrincipalAM.com.

[1] As of September 30, 2024

[2] Pensions & Investments, “The Best Places to Work in Money Management”, among companies with 1,000 or more employees, December 2024.

©2024 Principal Financial Services, Inc., Principal®, Principal Financial Group®, Principal Asset Management, and Principal and the logomark design are registered trademarks and service marks of Principal Financial Services, Inc., a Principal Financial Group company, in various countries around the world and may be used only with the permission of Principal Financial Services, Inc. Principal Asset Management℠ is a trade name of Principal Global Investors, LLC. Principal Real Estate is the trade name of Principal Real Estate Investors, LLC, an affiliate of Principal Global Investors.

About Pensions & Investments

Pensions & Investments, owned by Crain Communications Inc., is the 51-year-old global news source of money management and institutional investing. P&I is written for executives at defined benefit and defined contribution retirement plans, endowments, foundations, and sovereign wealth funds, as well as those at investment management and other investment-related firms. Pensions & Investments provides timely and incisive coverage of events affecting the money management and retirement businesses. Visit us at www.pionline.com.

Media Contact: Erin Parro parro.erin@principal.com 515-878-0130

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