The Principal Launches into ETF Business

Principal Global Investors has hired Paul Kim to launch and lead the firm’s ETF business.

Paul Kim has been hired as managing director and head of exchange-traded fund (ETF) strategy at Principal Financial Group.

In this newly created role, Kim is responsible for the launch and growth of The Principal’s active ETF business. Kim will help shape and execute The Principal’s global ETF strategy, playing a key role in ETF product development, the building of operational and capital markets support, and the distribution and marketing of The Principal ETFs. Kim will also help develop relationships with ETF market makers, intermediaries, investors and service providers.

“We believe ETFs are a tremendous opportunity for growth for Principal Global Investors,” says Barb McKenzie, senior executive director and chief operating officer at Principal Global Investors. “We look forward to providing innovative ETF solutions and thought leadership for the increasing number of institutional and retail clients who prefer the ETF vehicle for their investment goals.”

Kim is based in Principal Global Investors’ Des Moines office and began his new role March 2.

Previously, Kim was a senior vice president and ETF product manager at PIMCO’s Newport Beach, California, office. Kim earned a Bachelor of Arts from Dartmouth College and an MBA from The Wharton School at University of Pennsylvania.