The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Halter Hires a Chief For Principal Funds Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, August 27, 2019

Halter Hires a Chief For Principal Funds

News summary by MFWire's editors

Pat Halter has found a chief to oversee the Principal's ETF, mutual fund, and UCITs businesses around the world.

Kamal Bhatia
Principal Global Investors
President and CEO of Principal Funds
Kamal Bhatia is taking over as the new president and CEO of Principal Funds, confirms Halter, president and CEO of Principal Global Investors (PGI). Pensions & Investments reports that Bhatia succeeds Mike Beer, who will retire later this year.

Citywire also reported on Bhatia's move.

Bhatia most recently served as CEO and chairman of the board of OC Private Capital, an OppenheimerFunds-Carlyle Group joint venture that specializes in private credit. OpFunds, a mutual fund shop, and Caryle, a private equity firm, unveiled OC Private Capital two years ago with Bhatia and Carlyle's Mark Jenkins as co-heads.

Bhatia's move to Principal comes three months after Invesco acquired OpFunds and a year after Halter took over PGI.

"As we continue to invest in and evolve our platform, Kamal [Bhatia] brings significant asset management experience across multiple business platforms," Halter states. "In addition to being a strong cultural fit, Kamal brings a seasoned understanding of evolving customer needs to help us take advantage of new opportunities to grow our global platform."

Bhatia, for his part, lauds' Principal's "global footprint" and "stellar culture and client trust."

An alumnus of Washington University in St. Louis and of the Indian Institute of Technology, Kanpur, Bhatia spent more than six years at OpFunds before shifting to OC Private Capital. Before that he worked at TIAA-CREF, Mellon, and Citi.

Beer, an alumnus of the University of Northern Iowa, has spent 30 years at Principal. He has led as Principal Funds as president and CEO since 2015.

As of June 30, PGI (which includes Principal Funds) had about $451.7 billion in AUM. 

Edited by: Neil Anderson, Managing Editor

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2024: Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use