Principal Global Fixed Income Names New IG Credit Leader

Principal Global Investors today announced Matthew Minnetian as Managing Director, Global Head of Investment Grade Credit for Principal Global Fixed Income. Minnetian assumes responsibility for investment grade credit portfolio management, research and trading and will also lead efforts to further integrate data science and quantitative tools into the fixed income investment management process.

"Matthew brings extensive expertise in investment grade credit, as well as experience in combining fundamental investment management with quantitative approaches to achieve strong results for clients," said David Blake, senior executive director and head of Principal Global Fixed Income. Principal Global Fixed Income has more than $130.2 billion in assets under management¹. "We look forward to bringing his leadership on-board as we continue to integrate the latest technologies with our core investment management processes."

Minnetian will lead an investment grade credit team managing more than $46.3 billion in assets².

Previously, Minnetian worked at AllianceBernstein for more than 20 years holding multiple leadership roles across fixed income.

About Principal Global Investors®

Principal Global Investors® leads global asset management at Principal®. As a multi-boutique firm, we bring a focused perspective and offer expertise across a host of asset classes. Principal Global Investors manages approximately $451.7 billion in assets on behalf of over 800 institutional clients located in over 80 countries as well as retirement plans and individual clients, reflecting our worldwide market reach and experience and our commitment to high-quality research and service (as of June 30, 2019).

To find out more, visit us at principalglobal.com.

Principal, Principal and symbol design and Principal Financial Group are trademarks and service marks of Principal Financial Services, Inc., a member of the Principal Financial Group.

Investing involves risk, including possible loss of principal.

¹ As of June 30, 2019

² As of June 30, 2019

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