Principal Global Investors has hired Aberdeen Standard Investments' Åsa Norrie as regional chief executive officer and head of distribution for the European arm of its business.
Iowa-based Principal, which has $550bn in AUM across real estate, global equity and fixed income portfolios, appointed Norrie following the retirement of Timothy Stumpff, CEO of Principal Global Investors Europe, and Nick Lyster, international head of wealth advisory services, earlier this year. Norrie, who will be based in London, previously served as head of global strategic alliances at ASI, with responsibility for clients investing in absolute return, real estate and private equity strategies, as well as in dedicated ESG portfolios. During her 15 years at the firm, she also served...
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