Principal GI in talks to buy Asia private real estate firm
Principal Global Investors is also considering applying for a WFOE licence in China and is looking to invest in Asia offshore fund distribution, the asset manager's chief executive tells AsianInvestor.
Principal Global Investors (PGI) plans to expand in Asia by investing in offshore fund distribution and increasing its representation in China, among other initiatives.
The asset management arm of Principal Financial Group also sees opportunities in equity and debt in Asian private real estate, and is holding talks with specialist businesses that it could potentially acquire.
Its CEO said that the firm is closely watching developments in China, including mutual recognition, and …
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