Principal moves fund manager to Singapore

Michael Marusiak takes up the new position managing emerging-market equities from Asia.

Principal Global Investors has established an emerging-markets equities portfolio manager in Singapore for the first time. Michael Marusiak has recently transferred there from the firm's Des Moines, Iowa headquarters.

The Singapore office originally belonged to BT, which was then acquired and sold again by Principal, but it kept the Singapore office. It has not had any portfolio managers in the region until now, however.

Marusiak explains the move was to shore up a new dedicated Asian equity product, which was launched late last year Asia also makes up over 50% of the emerging markets universe.

Being closer to the markets and companies will result in better information flows...

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222