Principal Financial Group issued the following announcement on Oct. 15.

Principal Global Investors today announced Matthew Minnetian as Managing Director, Global Head of Investment Grade Credit for Principal Global Fixed Income. Minnetian assumes responsibility for the investment grade credit investment and research teams and will also lead efforts to further integrate data science and quantitative tools into the fixed income investment management process.

“Matthew brings extensive expertise in investment grade credit, as well as experience in combining fundamental investment management with quantitative approaches to achieve strong results for clients,” said David Blake, senior executive director and head of Principal Global Fixed Income. Principal Global Fixed Income has more than $130.2 billion in assets under management1. “We look forward to bringing his leadership on-board as we continue to integrate the latest technologies with our core investment management processes.”

Minnetian will lead an investment grade credit team managing more than $46.3 billion in assets2—in addition to the credit research team. There will not be changes to the investment processes or teams that Minnetian will lead however, over time, his deep experience will fuel enhancements to the benefit of Principal Global Fixed Income clients.

Previously, Minnetian worked at AllianceBernstein for more than 20 years holding multiple leadership roles across fixed income.

Original source: https://www.principal.com/news-room/news-room/news-releases/principal-global-fixed-income-names-new-ig-credit-leader