Press release
Principal Financial Group Announces Executive Promotions Within Principal International, U.S. Insurance Solutions
DES MOINES, Iowa--(BUSINESS WIRE)-- Principal Financial Group® today announced senior management promotions effective immediately within Principal
About this update from Principal Financial Group Inc
[{"type":"text","content":" DES MOINES, Iowa--(BUSINESS WIRE)--\nPrincipal Financial Group® today announced senior management promotions effective immediately within Principal International in Asia and U.S. Insurance Solutions.\n\n\n\nThomas Cheong is named senior vice president, Principal and president of Principal Asia. Cheong recently assumed leadership for the South Asia region last year after leading Principal International North Asia since 2015. In his role, Cheong is responsible for leading the development of the retail pension and asset management business in China, Hong Kong, Singapore, Malaysia, Indonesia and Thailand, while managing key partnerships in the region. He will report to Luis Valdés, president and CEO of Principal International.\n\n\nKara Hoogensen is named senior vice president, Principal in charge of Specialty Benefits for U.S. Insurance Solutions. Hoogensen previously led Group Benefits as vice president. In her new role, she will also have responsibility for the individual disability income business line and the sales compensation administration area. She will report to Amy Friedrich, president of U.S. Insurance Solutions.\n\n\n\n“Kara and Thomas are key leaders within two important growth businesses for Principal,” said Dan Houston, chairman, president and CEO of Principal. “I am confident in their leadership, experience and forward-thinking to help serve our customers and guide our organization into the future.”\n\n\nCheong biography\n\n\nThomas Cheong, senior vice president, Principal Financial Group and president of Principal Asia, is responsible for leading the development of the Principal retail pension and asset management businesses in China, Hong Kong and South East Asia, and managing key partnerships in the region. He currently serves on the board of the company’s China joint venture and the boards of several Principal companies in Hong Kong.\n\n\nCheong joined Principal in January 2015 and has more than 20 years of management experience in Asia, holding various senior management positions with P&L responsibilities. His extensive experience in the asset management, pension and life insurance businesses included appointments as president of North Asia for Principal International, CEO and executive director of Manulife Asset Management (Taiwan), country head overseeing Manulife's joint venture asset management business in...