Principal Reaffirms Sustainability Commitments with Malaysia & Southeast Asia Head Office Relocation to TRX Exchange 106
Moving to the prominent Malaysian financial district strengthens the commitment of Principal to grow its business in Southeast Asia while advancing sustainability aspirations.
KUALA LUMPUR, Malaysia - 21 February 2024 - Principal Asset Management Berhad (“Principal”), a joint venture between Principal Financial Group ® (“PFG”) a Nasdaq-listed global financial services company, and CIMB Group Holdings Berhad, today announced that its Malaysia and Southeast Asia head office have relocated to TRX Exchange 106.
The relocation falls in line with the sustainability aspirations of Principal, with Exchange 106 categorized as Leadership in Energy and Environmental Design (LEED) Platinum-compliant and Green Building Index (GBI) Gold certified. LEED and GBI sustainability certifications are recognized within the green building industry as being gold standards for sustainable building designs.
Present at the event to commemorate the new office were Thomas Cheong, Executive Vice President of Principal Financial Group and President of Principal Asia Pacific and Middle East; Tan Sri Jaganath Derek Steven Sabapathy, Independent Non-Executive Director of Principal Asset Management; Uday Jayaram, Executive Managing Director and Head of Principal Southeast Asia; Munirah Khairuddin, Chief Executive Officer of Malaysia and Global Shariah, Managing Director of Strategic Distribution & Institutional Client Relations (Southeast Asia & Global Shariah), Principal; and Izad Sallehuddin, Chief Executive Officer of Principal Islamic.
Uday expressed that the relocation of the Southeast Asia head office to a building that champions sustainability was an important factor to Principal, aligning with the company values of working alongside partners with environmentally responsible credentials.
“Choosing Exchange 106 for our Southeast Asia head office reflects our commitment to adapting and evolving for the betterment our nearly 400 employees, clients, and partners. By being centrally located, we will be able to strengthen our connections and communications with our clients, underscoring our dedication and long term commitment. Our new head office positions us well to deliver the highest quality products and services whilst ensuring that we continue to employ responsible environmental actions,” said Uday.
Munirah emphasized that the relocation represents Principal's dedication to empowering Malaysians on their financial journey.
"This relocation reaffirms our dedication to our customers and our positive outlook for growth in Malaysia. Currently, we serve 3.5 million customers across Malaysia, which underscores our extensive reach and commitment. With our centralized location, we will continue to assist our corporate, institutional, and individual customers in building and protecting their financial well-being with innovative ideas and solutions, regardless of their income or portfolio size,” Munirah added.
The sustainability efforts of Principal concentrate on three main actions: actively addressing specific United Nations Sustainable Development Goals, participating as a signatory of the United Nation’s supported network of investors, Principles for Responsible Investment (PRI), and striving towards achieving net-zero carbon emissions by 2050, aligning with the target set by the Malaysian government in 2023.
Exchange 106 is part of the prominent Malaysian financial district, Tun Razak Exchange. Principal staff will have access to shared amenities within the Exchange 106 building and easy access to surrounding public transportation, all of which were key deliberations in supporting staff welfare and wellbeing. The new workplace features multiple gathering and co-working spaces, giving plenty of options for employees to choose where to work, which will enhance productivity and collaboration.
For more information, please visit www.principal.com.my.
About Principal Malaysia
Principal Asset Management Berhad (“Principal Malaysia”), is a joint venture between Principal Financial Group ® , a member of the FORTUNE 500 ® and a Nasdaq-listed global financial services company and CIMB Group Holdings Berhad, one of Southeast Asia’s leading universal banking groups.
Established on 13 June 1994, Principal Asset Management Berhad is headquartered in Malaysia with footprint across Indonesia, Thailand, and Singapore. In Malaysia, as of December 2023, the company serves more than 3 million investors with unit trusts, retirement schemes, discretionary mandates, and asset management solutions to help make financial security accessible to more investors.
Principal is committed to expanding the population of those living in financial security, doing so through long-term, responsible actions, and creating opportunities for generations to come.
For more information, visit www.principal.com.my or follow us on www.facebook.com/PrincipalAssetMY/.
Principal, Principal and symbol design are trademark and service marks of Principal Financial Services, Inc. a member of the Principal Financial Group ®.
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