Principal Pnb AMC reaffirms its commitment to business in India
The Principal Financial Group and its Indian asset management arm - Principal Pnb Asset Management on Tuesday reiterated its commitment to India saying that they want to make a strong presence in India in line with long term policy.
By ET Online |
MUMBAI: The Principal Financial Group and its Indian asset management arm - Principal Pnb Asset Management on Tuesday reiterated its commitment to India saying that they want to make a strong presence in India in line with long term policy. They have also reassured investors that their financial position is strong, stable and profitable even in the wake of the current global crisis.
Mr. Rajan Ghotgalkar, Country Head ��� Principal India, said, ���Principal Pnb Asset Management is one of the few consistently profitable asset management companies in the industry and its strengths have been amply demonstrated in the recent liquidity crisis when redemptions have been met while maintaining the returns on the liquid funds. The business model and vision for the asset management company in India are intact.���
Recently in the US, Moody���s, a global rating agency, reaffirmed the debt ratings of Principal Financial Group and Principal Financial Services, Inc., all with a stable outlook.
Mr. Rajan Ghotgalkar, Country Head ��� Principal India, said, ���Principal Pnb Asset Management is one of the few consistently profitable asset management companies in the industry and its strengths have been amply demonstrated in the recent liquidity crisis when redemptions have been met while maintaining the returns on the liquid funds. The business model and vision for the asset management company in India are intact.���
Recently in the US, Moody���s, a global rating agency, reaffirmed the debt ratings of Principal Financial Group and Principal Financial Services, Inc., all with a stable outlook.
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