Michael Goosay joins Principal® as managing director of global fixed income

Rhea-AI Summary

Principal Asset ManagementSM: Michael Goosay Joins as Managing Director of Global Fixed Income, Building on Multi-Sector Fixed Income Investment Strategies and Solutions

Positive

• Michael Goosay's experience, leadership, and creativity will strengthen Principal Asset Management's global fixed income capabilities
• The fixed income platform has an AUM of $135.7 billion, with investment centers worldwide and over 110 investment professionals

Negative

• None.

Industry leader will oversee multi-sector suite of fixed income strategies and solutions

DES MOINES, Iowa--(BUSINESS WIRE)-- Principal Asset Management^SM announced today that Michael Goosay has joined the firm as managing director of global fixed income and portfolio manager on select strategies. Goosay will build upon the firm’s focus on multi-sector fixed income investment strategies and solutions to meet a wide range of personalized investor objectives. The fixed income platform (AUM of $135.7 billion¹) has capabilities which span all major fixed income sectors with investment centers worldwide and over 110 investment professionals.

Michael Goosay, managing director of global fixed income, Principal Asset Management (Photo: Business Wire)

“Michael’s experience, leadership, and creativity will further bolster our already strong global fixed income capabilities. We look forward to his leadership and overall contribution in helping best serve our clients worldwide,” said Kamal Bhatia, global head of investments, Principal Asset Management.

Michael Goosay added: “I am proud to join Principal Asset Management as managing director of global fixed income. I look forward to building upon the firm’s robust fixed income capabilities to advance client investment objectives by tailoring the right strategies to achieve them.”

Goosay will take on leadership responsibilities across the platform. This includes being named as a portfolio manager on Principal Fixed Income’s flagship short-term income, core, core plus and US/global multi-sector strategies and associated products. The firm will continue to leverage time-tested investment processes and proprietary investment tools. The objective and investment philosophy of any impacted strategies will remain unchanged.

About Michael Goosay

Goosay comes to Principal with more than 25 years of investment industry experience. He previously spent 14 years at Goldman Sachs Asset Management as head of global pensions and multi-sector fixed income portfolio management. He also served as a member of the Goldman Sachs Fixed Income Business Development Committee and the macroeconomic outlook team. Prior to this role, Goosay held leadership positions at Drake Management, JPMorgan Chase, Prudential Financial, and GE Asset Management. Goosay earned a bachelor’s degree in finance from Albright College and a Master of Business Administration degree in finance from Rutgers University.

About Principal Asset Management^SM

With public and private market capabilities across all asset classes, Principal Asset Management and its investment specialists look at asset management through a different lens, creating solutions to help deliver client investment objectives. By applying local insights with global perspectives, Principal Asset Management identifies distinct and compelling investment opportunities for more than 1,100 institutional clients in over 80 markets.¹ Principal Asset Management is the global investment solutions business for Principal Financial Group^® (Nasdaq: PFG), managing $525.2 billion in assets¹ and recognized as a “Best Places to Work in Money Management”² for 11 consecutive years. Learn more at www.PrincipalAM.com.

[1] As of June 30, 2023.
[2] Pensions & Investments, “The Best Places to Work in Money Management”, December 12, 2022

© 2023 Principal Financial Services, Inc. Principal^®, Principal Financial Group^®, and Principal and the logomark design are registered trademarks of Principal Financial Services, Inc., a Principal Financial Group company, in the United States and are trademarks and services marks of Principal Financial Services, Inc., in various countries around the world.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230807962359/en/

Eric Zuazo, 515-878-0152, zuazo.eric@principal.com

Source: Principal Financial Group

FAQ

What is the AUM of Principal Asset Management's fixed income platform?

The fixed income platform has an AUM of $135.7 billion

What are Michael Goosay's responsibilities at Principal Asset Management?

Michael Goosay will be the managing director of global fixed income and a portfolio manager on select strategies, overseeing leadership responsibilities across the platform

What is the investment philosophy of the impacted strategies at Principal Asset Management?

The objective and investment philosophy of any impacted strategies will remain unchanged, leveraging time-tested investment processes and proprietary investment tools