Australian chief departs Principal Global Investors

Grant Forster
GRANT FORSTER
Principal Asset Management - Chief Executive Officer, Australia
DEPARTURE
Principal Asset Management
PRINCIPAL ASSET MANAGEMENT
Date: December 2018
Position: Chief Executive Officer, Australia

Principal Global Investors has announced the departure of long-serving Australian chief executive officer, Grant Forster.

Forster, who was appointed to the role in 2006, previously spent three years as the firm's European CEO.

In acknowledging Forster's contribution, Kirk West, executive director of International business and clients, said: "Grant has been a significant contributor to the growth of Principal Global Investors over many years; having helped to establish its international business in Europe and Asia."

He added: "During this time, he worked in Hong Kong, the US and London prior to returning to Australia. We thank him for his contributions and wish him well in his next endeavours."

Forster's successor is Helen de Mestre, the firm's former managing director, relationship management.