ET OnlinePrincipal Financial Group announced the completion of a full share buyback of PNB’s shares giving Principal full ownership of the Principal Pnb Asset Management Company Private Limited. The company shared the new logo and name with its investors over mail today. The AMC will now be known as Principal Asset Management Company. It was formerly known as Principal Pnb Asset Management Company Private Limited.
“We are excited to build on our commitment to helping Indians achieve their personal investment goals and increase their long term financial security by further investing in this important market,” said Pedro Borda, President of Principal Southeast Asia and India. “Punjab National Bank continues to be a valuable partner as a distributor through their vast branch network.”
Principal has been in India for nearly 20 years, delivering investment products and services to retail and institutional clients. In the future, Principal is planning to continue to bring innovation to the Indian market through digital advancements that will help our distribution partners better serve their customers and give customers greater access to manage their investments online.
“India has a large emerging middle class who will benefit from innovation and additional access to long-term saving and investment products,” says Borda. “We are excited about this next chapter for Principal in India as we continue to invest in and explore growth opportunities that enable us to bring our global asset management expertise to the local market.”
“We are excited to build on our commitment to helping Indians achieve their personal investment goals and increase their long term financial security by further investing in this important market,” said Pedro Borda, President of Principal Southeast Asia and India. “Punjab National Bank continues to be a valuable partner as a distributor through their vast branch network.”
Principal has been in India for nearly 20 years, delivering investment products and services to retail and institutional clients. In the future, Principal is planning to continue to bring innovation to the Indian market through digital advancements that will help our distribution partners better serve their customers and give customers greater access to manage their investments online.
“India has a large emerging middle class who will benefit from innovation and additional access to long-term saving and investment products,” says Borda. “We are excited about this next chapter for Principal in India as we continue to invest in and explore growth opportunities that enable us to bring our global asset management expertise to the local market.”
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