Principal Asset Management CEO Pat Halter to retire; Kamal Bhatia named successor

PRINCIPAL FINANCIAL GROUP INC

Pat Halter, President & CEO of Principal Asset Management, retires April 2, 2024 after 40 years.
Kamal Bhatia named incoming President & CEO effective Feb 10, 2024; currently Global Head of Investments.
Bhatia will oversee $651B AUM and lead expansion of global investment offerings.
Halter will serve as interim Division President during the transition period.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Kamal Bhatia

President and Chief Executive Officer of Principal Asset Management

PFG · PRINCIPAL FINANCIAL GROUP INC

Effective: 2024-02-10
Filed: January 11, 2024, 6:59 PM ET

Kamal Bhatia, who currently serves as Senior Executive Managing Director and Global Head of Investments of Principal Asset Management, President of Principal Funds and Chairman of Principal Funds Board, will become President and Chief Executive Officer of Principal Asset Management, effective February 10, 2024.

Departed

Patrick G. Halter

President and Chief Executive Officer of Principal Asset Management

PFG · PRINCIPAL FINANCIAL GROUP INC

Effective: 2024-04-02
Successor: Kamal Bhatia
Filed: January 11, 2024, 6:59 PM ET

On January 11, 2024, Principal Financial Group, Inc. (the “Company”) announced the retirement of Patrick G. Halter, President and Chief Executive Officer of Principal Asset Management, effective April 2, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Kamal Bhatia was appointed as President and Chief Executive Officer of Principal Asset Management at PRINCIPAL FINANCIAL GROUP INC.

Action: appointed
Role: President and Chief Executive Officer of Principal Asset Management

Exact text from the filing

Kamal Bhatia, who currently serves as Senior Executive Managing Director and Global Head of Investments of Principal Asset Management, President of Principal Funds and Chairman of Principal Funds Board, will become President and Chief Executive Officer of Principal Asset Management, effective February 10, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Patrick G. Halter retired as President and Chief Executive Officer of Principal Asset Management at PRINCIPAL FINANCIAL GROUP INC.

Action: retired
Role: President and Chief Executive Officer of Principal Asset Management

Exact text from the filing

On January 11, 2024, Principal Financial Group, Inc. (the “Company”) announced the retirement of Patrick G. Halter, President and Chief Executive Officer of Principal Asset Management, effective April 2, 2024.

View on SEC.gov

PRINCIPAL FINANCIAL GROUP INC filing history →

Source: SEC EDGAR

accession 0001104659-24-003303

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