Principal Global Investors (PGI) has appointed Frank Richter to lead the firm’s German and Austrian operations, building on its European presence as an established, multi-boutique investment player. In this role, he is responsible for fostering relationships with financial intermediaries and institutional investors to ensure they have the investment solutions they need.
While PGI has been in Germany since 2003, this will be the first time PGI is also focusing on serving the Austrian market as well.
Richter joins Principal from Standard Life Investments where he served as country head and head of institutional business for Germany and Austria. During this time, he oversaw and developed wholesale and institutional sales teams and executed distribution strategies. Prior to this, he was head of institutional business for Germany and Austria for AXA Investment Managers.
The asset manager manages assets of around €370bn.