Principal Financial Group® announced the appointment of Bharat Ravuri as Managing Director of Principal Asset Management Pvt. Ltd. in India.

In his new role, Bharat will spearhead the business and operations for Principal Asset Management. He will be focusing on improving financial inclusion, providing better access to solutions and, enhancing long-term financial security for customers.

“Bharat has already been an invaluable member of our leadership team in Principal India, and I’m excited for him to apply his extensive knowledge of fintech and asset management to another area of our business,” said Ms. Jane Conway, Country Head, Principal India. “Principal is aligning greater resources behind its asset management business as the company manages the onset of the COVID-19 pandemic”.

“Mutual Funds are an ideal product for long-term wealth creation, and this new role gives me a unique opportunity to leverage on Principal’s global expertise for delivering greater value to our customers and distributors.

I look forward to building on our strong foundation and reinforcing Principals compelling brand proposition in India

I look forward to building on our strong foundation and reinforcing Principal’s compelling brand proposition in India,’’ said Bharat Ravuri.

Mr. Ravuri joined Principal India in 2019 as Managing Director for Principal Retirement Advisors Pvt. Ltd. He has over 26 years of corporate and entrepreneurial experience in the financial services industry across multiple countries. With a strong understanding of Indian fintech landscape, he successfully launched MintZip, a fintech firm that helps simplify financial decisions for customers. Mr Ravuri is experienced in managing large businesses, has been instrumental in significantly increasing revenues through innovative product launches and new market strategies, and has championed large global transformational programs. He has also cultivated a strong business knowledge in banking, asset management and benefits administration. Bharat holds an MBA in Leadership & Change Management from Indian School of Business.