Matthew Peron has been named deputy CIO of equities at Principal Asset Management, the investment management unit of Principal Financial Group.
It is a new position. Peron will be tasked with “further strengthening the equities platform, optimizing performance, and fostering innovation across global equity strategies at Principal,” said a news release March 31.
Peron will also serve as a strategic partner to George Maris, CIO and global head of equities, and other senior leaders to “provide investment leadership, drive innovation, and advance portfolio outcomes to elevate overall client outcomes,” the news release said.
In addition, Peron will serve as co-portfolio manager for the firm’s international equity strategies, including the international equity, diversified international, and European portfolios, comprising $26 billion in assets under management.
Peron most recently was global head of solutions at Janus Henderson Investors. A Janus spokesperson said: “The solutions team’s in-depth experience positions them exceptionally well in ensuring a natural, seamless transition. There will be no change to any funds’ portfolio managers, investment objectives, philosophy or scope.”
Principal Asset Management has $559.1 billion in assets under management.
