Principal hires for Orso push

John Woo joins the firm to chase Hong Kong institutional pension business.

Principal International has hired John Woo as head of sales and marketing for Hong Kong. Woo previously served at Manulife, where he had served under business development director John Spence.

He has also worked at AIG and Watson Wyatt. He now works in Hong Kong for Rex Auyeung, managing director at CEO for Asia at the firm's asset management arm, Principal Global Investors. His brief is to go after the institutional pension market known as Orso plans, for the Occupational Retirement Schemes Ordinance.

Orso is our focus for 2006, says Auyeng, although the firm continues to compete for business in the five-year old Mandatory Provident Fund...

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