Market Overview

Sri Reddy joins Principal as a Senior Vice President in Retirement and Income Solutions

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Principal
Financial Group
® announced today Sri Reddy, CFA, will
become the new Senior Vice President in Retirement and Income Solutions
(RIS), effective September 4, 2018. Reddy will lead our Annuities, Full
Service Payout and Principal Bank businesses. He succeeds Jerry
Patterson, who now oversees the Full Service Retirement and Individual
Investor businesses for RIS. Reddy will report to Nora Everett,
president of RIS.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180808005102/en/

Sri Reddy, Senior Vice President of Retirement and Income Solutions at Principal. (Photo: Business W ...

Sri Reddy, Senior Vice President of Retirement and Income Solutions at Principal. (Photo: Business Wire)

"We're thrilled to have Sri join Principal at a time when consumers are
looking to us to help them on their financial journey from their first
paycheck to their final payout in retirement," said Everett. "Reddy is
the right addition to our leadership team as he shares our passion for
helping more people save enough during their working years and have
enough through their retirement years."

Reddy's extensive leadership experience and industry knowledge will help
advance Principal retirement income solutions that meet our customers'
needs. He was previously the senior vice president and head of Full
Service Investments for Prudential Retirement where he was responsible
for all aspects of the investments and retirement income businesses.
Reddy also led Prudential Bank & Trust and Prudential Retirement's
registered investment advisor (Global Portfolio Strategies, Inc.).
Previously, he held senior leadership positions with USAA and ING.

Reddy is a graduate of Baylor University and the Thunderbird School of
Business Management. He also serves as a United States Department of
Labor ERISA Advisory Council member.

To learn more about Reddy, you can view his LinkedIn
profile
.

About Principal®

Principal helps people and companies around the world build, protect and
advance their financial well-being through retirement, insurance and
asset management solutions that fit their lives. Our employees are
passionate about helping clients of all income and portfolio sizes
achieve their goals – offering innovative ideas, investment expertise
and real-life solutions to make financial progress possible. To find out
more, visit us at principal.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.

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