Principal one of five firms listed every year since the program’s inception

Principal Financial Group® announced today 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 employers¹ 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.”

With approximately $577.4 billion in total assets under management², Principal Global Investors is the 26th largest manager of institutional assets³ 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.

For a complete list of the 2021 Pensions & Investments’ Best Places to Work in Money Management winners and write-ups, go to https://www.pionline.com/best-places-work-2021.

¹ 1,000-plus employees.

² As of September 30, 2021.

³ “Largest Money Managers,” Pensions & Investments (May 2021). 26th out of 477 managers profiled. Assets as of December 31, 2020.

About Principal Financial Group^®

Principal Financial Group^® (Nasdaq: PFG) is a global financial company with 18,000 employees¹ 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 customers² 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 Companies³, a member of the Bloomberg Gender Equality Index, and a Top 10 “Best Places to Work in Money Management⁴.” Learn more about Principal and our commitment to sustainability, inclusion, and purpose at principal.com.

¹ As of September 30, 2021.

² As of September 30, 2021.

³ Ethisphere Institute, 2021.

⁴ Pensions & Investments, 2021.

About Principal Global Investors^®

Principal Global Investors^® leads global asset management at Principal^®. As a multi-investment team firm, we bring a focused perspective and offer expertise across a host of asset classes.

At our core, we are driven by our purpose to help investors and businesses achieve their financial goals. Our global investment professionals deliver investment solutions for public and private pension funds, foundations and endowments, central banks, insurance companies, sub-advisory arrangements, sovereign wealth funds and individual portfolios.

Principal Global Investors manages approximately $577.4 billion in assets on behalf of over 800 institutional clients located in over 80 markets as well as retirement plans and individual clients, reflecting our worldwide market reach and experience and our commitment to high-quality research and service (as of September 30, 2021). To find out more, visit us at principalglobal.com.

© 2021 Principal Financial Services, Inc. Principal^®, Principal Financial Group^®, and Principal and the logomark design are registered trademarks of Principal Financial Services, Inc., a Principal Financial Group company, in the United States and are trademarks and services marks of Principal Financial Services, Inc., in various countries around the world.

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