Principal Global Investors (Hong Kong) Limited (Wan Chai)

Name: Principal Global Investors (Hong Kong) Limited
Address: Unit 1001 1003 Central Plaza, Wan Chai
Telephone: 852-3519-2000

Principal Global Investors (Hong Kong) Limited is a large advisory firm based in Wan Chai. It manages $5.77 billion of regulatory assets for 8 client accounts. It has been registered with the SEC as an adviser since 2018.

Principal Global Investors (Hong Kong) Limited provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Principal Global Investors (Hong Kong) Limited: assets under management

The assets under management (AUM) of Principal Global Investors (Hong Kong) Limited is $5.77 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -19% since the beginning of its operation, and $5.77 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $5.77 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $721.81 million each.

Investments

The firm invests in exchange traded securities the most. They account for 67% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 20% of the firm’s portfolio. Investments in government bonds form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Principal Global Investors (Hong Kong) Limited for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Barbara Mckenzie serves?

The firm provides services to pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and sovereign wealth funds and foreign official institutions. The largest group of clients of Barbara Mckenzie is pooled investment vehicles with 5 clients and $5.17 billion of assets under management. Among the 5 most similar advisory firms, Principal Global Investors (Hong Kong) Limited has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $5.77 billion for 5 clients. 100% of the firm’s clients are foreign persons or businesses.

Principal Global Investors (Hong Kong) Limited doesn't advise any private funds.

Careers at Principal Global Investors (Hong Kong) Limited

The company employs 19 people that are either part- or full-time employees. 37 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 9 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Barbara Mckenzie has been acting as President since 1 Sep 2008. Andrew John Donohue joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Binay Chandgothia	Director	1 Dec 2005	Other	6936521
Barbara Mckenzie	Director	1 Sep 2008	Other	4355260
Helen Chang	Director	1 Sep 2008	Other	6938786
Kenneth Kirk West	Director	1 Sep 2008	Other	6939035
Anne Marie Tame	Director, finance, apac	1 Jun 2010	Other	6937923
Andrea Kyle Muller	Director	1 Aug 2010	Other	6179193
Frederick Tennyson Laydon	Chief operations officer, asia and director	1 May 2014	Other	6179213
Xi Wang	Director	1 Aug 2015	Other	6940029
Llc Principal Global Investors Holding Company	100% owner	1 May 2017	75% - 100%	27-0054180
Celestine Geok Choo Khoo	Managing director, head of asis ex japan	1 Jul 2017	Other	6937921
Andrew John Donohue	Chief compliance officer	1 Apr 2018	Other	2783317

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Principal Financial Group Inc.	100% owner	1 Oct 2001	75% - 100%	42-1520346
Inc. Principal Financial Services	100% owner	1 May 2017	75% - 100%	42-1520348

Based in Wan Chai

The principal office where Principal Global Investors (Hong Kong) Limited performs its advisory services is located at Unit 1001 1003 Central Plaza, Wan Chai, , which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 852-3519-2000 or by fax 852-3519-2005. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at principalglobal.com.