The Principal Financial Group ® announces the promotion of Tim Dunbar to executive vice president and chief investment officer effective January 1, 2014. Dunbar will continue in his role as chief investment officer and retain oversight of the company’s capital markets group.
“This promotion reflects Tim’s leadership of the company’s investment strategy as our global investment footprint expands,” said Larry D. Zimpleman, chairman, president and chief executive officer of The Principal ®. “His over 27 years of experience in our asset management, international and capital markets operations also give him a great base from which to drive our continued success in mergers and acquisitions.”
Dunbar continues to report to Larry Zimpleman. Reporting to Dunbar are Lou Flori, vice president of capital markets, and Dennis Menken, vice president and portfolio manager for the organization’s General Account.
Dunbar joined the company in the commercial real estate division of The Principal in 1986. He was appointed managing director, Principal International in 1997, and executive director and head of equities for Principal Global Investors in 2004. In 2011, he was named senior vice president of strategy and finance. He became chief investment officer in 2012. He is a member of the board of directors for Claritas Administração de Recursos Ltda. / Claritas Investments, Ltd. (Claritas), BrasilPrev Seguros e Previdência S.A. (BrazilPrev), Principal Commercial Acceptance, the Greater Des Moines Botanical Center and Bread for the World. He received a bachelor’s degree from Iowa State University in Ames, Iowa.For more news and insights from The Principal, connect with us on Twitter at http://twitter.com/ThePrincipal. About the Principal Financial Group The Principal Financial Group ® (The Principal ®) 1 is a global investment management leader offering retirement services, insurance solutions and asset management. The Principal offers businesses, individuals and institutional clients a wide range of financial products and services, including retirement, asset management and insurance through its diverse family of financial services companies. Founded in 1879 and a member of the FORTUNE 500 ®, the Principal Financial Group has $466.2 billion in assets under management 2 and serves some 19.0 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the United States. Principal Financial Group, Inc. is traded on the New York Stock Exchange under the ticker symbol PFG. For more information, visit www.principal.com. 1 “The Principal Financial Group” and “The Principal” are registered service marks of Principal Financial Services, Inc., a member of the Principal Financial Group. 2 As of Sept. 30, 2013.