Principal Global Investors today announced the appointment of Madelyn Antoncic as Executive Director, Institutional Investment Solutions. Antoncic will be a member of the Operating Committee and will report to Jim McCaughan, Chief Executive Officer for Principal Global Investors. She will be based in New York.

Antoncic will be responsible for strengthening Principal Global Investors’ relationships with sovereign wealth funds, government pension funds, central banks, insurance companies, and endowments around the world. She will also serve as a key conduit for developing asset solutions for the investment challenges of sovereign clients.

“We are pleased to welcome Madelyn to the team,” said McCaughan. “Her experience will be instrumental in helping us deliver the breadth of solutions our multi-boutique platform offers to institutional clients around the world.”

Antoncic has over 25 years of economic and financial experience and comes to Principal Global Investors from the World Bank where until stepping down in July she was Vice President and Treasurer overseeing $140 billion in assets under management including assets of official sector institutions, comprising central banks, pension funds, sovereign wealth funds and other international financial institutions, as well as of the World Banks Group’s $22 billion pensions. She also oversaw the World Bank’s $135 billion derivatives portfolio; its funding program; its capital management; and several businesses including engaging with client countries on central bank reserves management, debt management strategies, banking and risk management solutions.

This experience provides a deep background in sovereign institutions financial issues. Antoncic began her career at The Federal Reserve Bank of New York and was with Goldman Sachs & Co., Barclays Capital, and Lehman Brothers. Antoncic holds a Ph.D. in Economics with a minor in Finance from New York University’s Stern School.

About Principal Global Investors

Principal Global Investors is a diversified asset management organization and a member of the Principal Financial Group®, with expertise in equities, fixed income and real estate investments, as well as specialized overlay and advisory services. Principal Global Investors manages $346.2 billion in assets1 primarily for retirement plans and other institutional clients2.

1 As of June 30, 2015.

2 Principal Global Investors is the asset management arm of the Principal Financial Group® (The Principal®) and includes the asset management operations of the following subsidiaries of The Principal: Principal Global Investors, LLC; Principal Real Estate Investors, LLC; Principal Enterprise Capital, LLC; Liongate Capital Management LLP; Spectrum Asset Management, Inc.; Post Advisory Group, LLC; Columbus Circle Investors; Edge Asset Management, Inc.; Morley Financial Services Inc.; Finisterre Capital, LLP; Origin Asset Management, LLP; Principal Global Investors (Europe) Limited; Principal Global Investors (Singapore) Ltd.; Principal Global Investors (Australia) Ltd.; Principal Global Investors (Japan) Ltd.; Principal Global Investors (Hong Kong) Ltd.; CIMB-Principal Islamic Asset Management Sdn. Bhd.; and the majority owned affiliates of Principal International, Inc. Assets under management includes assets managed by investment professionals of Principal Global Investors under dual employee arrangements with other subsidiaries of The Principal and assets managed in accordance with investment advice provided by Principal Global Investors through the delivery of a model.