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The longtime leader created one of the biggest real estate managers, recruited top talent, and molded the firm’s liability-driven investing business.
Owais Rana was promoted to head of investment solutions for Principal Asset Management, which is merging previously separate businesses.
Principal has combined the firm’s asset management and pension business, leading to a reshuffle within the leadership of the asset management arm.
Principal Financial Group made changes to Principal Asset Management's leadership structure as it merges the unit with Principal International.