Principal Global Investors, a global asset manager and a member of the Principal Financial Group, has named Joshua Rank as high yield fixed income portfolio manager and Matt Hanson as senior high yield analyst for Principal Global Fixed Income.
Both join the high yield team led by portfolio managers Mark Denkinger and Darrin Smith, who oversee $7 billion in high yield assets.
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Rank will be responsible for portfolio management and investment strategy, along with relationship management, while Hanson will be responsible for analysis of the high yield energy sector.
David Blake, global head of Fixed Income & chief investment officer at Principal Global Investors, said: "Josh’s strength as a fixed income portfolio manager is evident in his experience leading successful high yield strategies, and Matt’s analyst experience and previous employment with Principal Global Investors make him a great fit. Both will be an asset in growing our client base and bolstering our investment strategy."
Both Rank and Hanson join Principal Global Investors from Aviva Investors North America, where Rank was vice president, senior portfolio manager – high yield, and Hanson was senior securities analyst for high yield and investment grade.
Prior to Aviva, Rank worked as a fixed income analyst at Aegon USA Investment Management. He is a graduate of Iowa State University and holds the Chartered Financial Analyst designation. Hanson graduated from the University of Northern Iowa, and earned a Masters of Business Administration from the University of Iowa. He also holds the Chartered Financial Analyst designation.
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