Brant Wong joins Principal Asset Management^SM as head of retirement solutions

(DES MOINES, Iowa) – Principal Asset Management^SM has hired industry leader, Brant Wong, as head of retirement solutions to lead the expansion and strategic growth of the company’s retirement investment franchise to meet the evolving needs of plan sponsors and participants.

“Principal is focused on building investment solutions designed to support Americans as they continue to reshape the ways they think about and plan for retirement,” said Kamal Bhatia, president and CEO, Principal Asset Management. “In this new position, Brant will play a key role in our retirement investment product strategy across the asset management and U.S. retirement businesses at Principal, further ensuring we are continually connecting client needs with product innovation.”

Wong is a nearly 30-year veteran of the industry and former head of retirement platforms with J.P. Morgan. He brings to Principal a depth of knowledge and experience serving the individual retirement investor and connecting those customer needs with innovative product and workplace investment solutions. Under Wong’s leadership, his team will leverage the extensive set of Principal investment solution capabilities backed by the firm’s heritage in retirement and life to maximize customer experience and drive outcomes.

“As individual Americans plan for their ideal retirement scenarios, they put their trust in established retirement investment providers who can help them feel confident in their investment choices and the adequacy of their retirement income,” said Wong. “I’m proud to be joining Principal which is one of a few firms with expertise and service along an individual’s full investment journey and are well poised to continue to develop new and innovative solutions to meet their needs.”

Principal manages nearly $320 billion in retirement AUM and is focused on building investment solutions that are increasingly personalized, meet the needs of accumulation and decumulation, and serve a variety of price points. The company continues to develop new retirement investing capabilities building upon its comprehensive Target Date Fund Series. This suite of active and hybrid target date funds has now been expanded with the introduction of the Principal^® LifeTime Strategic Index CITs, a new kind of passive target date fund designed to harness the power of the investment and insurance capabilities of Principal at a cost-efficient price point. The firm has also recently added solutions providing clients with strategic personalization opportunities, including a personalized target date and a hybrid QDIA which offers both target date strategies and managed account service in one default position based on age of the participant.

About Brant Wong
Wong joins Principal with nearly 30 years of industry experience. Wong previously spent 23 years at J.P. Morgan Asset Management serving as head of retirement strategy, platforms, and national accounts. Prior to this role, he held a position at McKinsey and Company. Wong earned a Bachelor of Science in Economics from Harvard University.

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. Principal Asset Management is the global investment solutions business for Principal Financial Group^® (Nasdaq: PFG), managing $ $559.1 billion in assets and recognized as a “Best Places to Work in Money Management” for 12 consecutive years.