Principal Financial Group 2010 Annual Report Download - page 10

Download and view the complete annual report

Please find page 10 of the 2010 Principal Financial Group annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 32

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32

THINK ABOUT 40 NEW FAMILIES entering the middle-
class every minute—in countries like China and
Brazil. Families who share the same dreams of
retirement and financial security. The Principal is
already working to help make their dreams a reality.
More than 10 years ago, we recognized the
growing need for retirement savings and asset
management in these emerging international
markets. We developed powerful partnerships
with major in-market institutions, including:
n Banco do Brasil, the largest bank in
Latin America
n China Construction Bank, the world’s
second largest commercial bank
n CIMB Group, the second largest financial
services provider in Malaysia
The result? Principal International now operates
in 10 markets and holds top-10 market positions
in Brazil, Chile, Hong Kong, Malaysia and Mexico.
We’re strengthening our partnerships and
expanding our retirement, mutual fund and asset
management platforms in the countries we’re
already in.
Supporting the strategy is the power of Principal
Global Investors, which manages assets in these
and many other countries around the globe.
It’s not such a small world, after all.
10
THINK AGAIN ABOUT THE
GROWING NEED FOR
OUR EXPERTISE.
THE PRINCIPAL FINANCIAL GROUP