Principal Names Kamal Bhatia Head of Asset Management - Seite 2

“Pat has helped set the course for asset management at Principal for 40 years, helping us to grow to more than 850 investment professionals, serving clients in more than 80 markets,” said Houston. “His leadership in developing our real estate capabilities led to our expansion into international markets and made Principal the top 10 global real estate investment manager² it is today. We’re grateful for his steady hand and deep commitment to our clients and to building a best-in-class culture within our asset management organization.”

About Kamal Bhatia

Kamal Bhatia is senior executive managing director and global head of investments for Principal Asset Management^SM, the global investment management business of Principal Financial Group. Bhatia has overall responsibility for the firm’s global investment organization, including the Principal general account and investment subsidiaries. Bhatia also serves as president of Principal Funds and chair of the Principal Funds board. Bhatia previously held the position of chief operating officer for Principal Asset Management.

Prior to joining Principal, Bhatia was CEO at OC Private Capital, a joint venture company between OppenheimerFunds and the Carlyle Group, where he focused on private credit investing. He is an industry veteran bringing significant experience in investment solutions, business strategy, client engagement, and product development across multiple global asset managers. Bhatia has worked at OppenheimerFunds, TIAA, Mellon Asset Management, and Citigroup in various leadership roles.

Bhatia is a CFA charterholder and earned his bachelor’s from IIT, Kanpur (India) and master’s from Washington University in St. Louis. He served on boards in the U.S. and Europe.

About Pat Halter

Patrick (Pat) Halter has been the president and CEO of Asset Management for Principal Financial Group since 2018. He joined the company in 1984 in commercial real estate and held several roles within Principal Real Estate Investors before serving as its chief executive officer from 2003 to 2018. In 2016, he was named Chief Operating Officer of Principal Global Investors and CEO and President in 2018.

Today, Halter serves on the Principal Mutual Fund Board and has board responsibilities with various international ventures. He serves on the Board of Governors of the Investment Company Institute and served on the board of the Graaskamp Center for Real Estate at the University of Wisconsin. Halter earned his bachelor’s degree in finance and marketing, and an MBA in finance, from the University of Wisconsin.