Principal Financial Group taps Brazil CEO as part of local growth strategy [Financial Post (Toronto, Ontario, Canada)]
Banco Bradesco Sa American Depositary Shares (each representing one Common Share) (BBDO)
US:NYSE Investor Relations:
bradescori.com.br/sitebradescori/default-en.aspx
Company Research
Source: Financial Post
Advertisement U.S.-based Principal has operated since 1999 in Brazil, where it owns asset manager Claritas Investimentos and a stake in pension plan provider Brasilprev, a joint venture with state-run lender Banco do Brasil SA. Earlier this year, it hired former Brasilprev executive Nelson Katz as its chief operating officer in the country. Principal’s chief executive, Dan Houston, said in a statement that the newly created Brazil CEO role would help the company meet rising client demand for global investment products while accelerating its plans to become a leader in asset management in Brazil. “Van Dijk will be fundamental in the development and execution of a long-term growth strategy in the country,” said the company, which also has operations in Mexico and Chile. Van Dijk, who will report to Latin America head Roberto Walker and Principal Global Investors CEO Pat Halter, previously worked at private lenders Banco Bradesco SA and Banco Votorantim, and had been working at weal
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