Money Management

Principal Global names managing director for its Beijing representative office

Xin Shao joined Principal Global Investors' representative office in Beijing on Tuesday as managing director for China, a spokeswoman said.

The position is new. Mr. Shao will focus on the Chinese market for PGI and will work with the company's affiliates, including its joint ventures with China Construction Bank, both inside and outside of the country, the spokeswoman said.

Mr. Shao was vice chairman at Beijing Jiumu Capital Management Co. A spokesman at Beijing Jiumu Capital couldn't immediately be reached for comment.