Principal Financial Group announced that its global asset management business, Principal Global Investors, earned the No. 3 spot as a Best Place to Work in Money Management among the largest employers by Pensions & Investments. This is the 10th consecutive year Principal Global Investors has been recognized as a best place to work, making it one of only five firms listed all 10 years Pensions & Investments has conducted the program.
“Culture is an important measure of a great investment firm, and we have a unique, purpose driven culture that tends to inspire and support employees very deeply,” said Kamal Bhatia, chief operating officer for Principal Global Investors. “We find great meaning and value being ranked a best place to work by P&I and take pride being in select company as one of five asset managers to make the list each year since the program’s inception.”
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With approximately $577.4 billion in total assets under management2, Principal Global Investors is the 26th largest manager of institutional assets in the world.
Pensions & Investments partnered with Best Companies Group, a research firm specializing in identifying great places to work, to conduct a two-part survey process of employers and their employees. The first part consisted of evaluating each nominated company’s workplace policies, practices, philosophy, systems and demographics. This part of the process was worth approximately 25% of the total evaluation. The second part consisted of an employee survey to measure the employee experience. This part of the process was worth approximately 75% of the total evaluation. The combined scores determined the top companies.
Principal Financial Group is a global financial company with 18,000 employees passionate about improving the wealth and well-being of people and businesses. In business for more than 140 years, we’re helping more than 49 million customers plan, insure, invest, and retire, while working to support the communities where we do business, improve our planet, and build a diverse, inclusive workforce. Principal is proud to be recognized as one of the World’s Most Ethical Companies, a member of the Bloomberg Gender Equality Index, and a Top 10 “Best Places to Work in Money Management.”
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