Madelyn Antoncic was named executive director of institutional investment solutions at Principal Global Investors.
Ms. Antoncic previously worked as treasurer for the World Bank, where she oversaw $140 billion in assets, including holdings for sovereign wealth funds, central banks and pension funds, according to a statement Monday. She will seek to build relationships with such institutions for Principal in her new role, according to the statement. Ms. Antoncic will be based in New York and report to CEO Jim McCaughan.
“Her experience will be instrumental in helping us deliver the breadth of solutions our multiboutique platform offers to institutional clients around the world,” Mr. McCaughan said in the statement.
Ms. Antoncic joined the World Bank in 2011 after working at Lehman Brothers Holdings, including a stint as chief risk officer, where she urged the bank to guard against investment losses before it collapsed.
In her new job, Ms. Antoncic will also work with insurance companies and endowments. The World Bank in July named Nigeria's Arunma Oteh as vice president and treasurer.
Principal Global Investors has about $346 billion in assets under management.