DES MOINES, Iowa–(BUSINESS WIRE)–Principal Financial Group^® announced today Sri Reddy, CFA, will become the new Senior Vice President in Retirement and Income Solutions (RIS), effective September 4, 2018. Reddy will lead our Annuities, Full Service Payout and Principal Bank businesses. He succeeds Jerry Patterson, who now oversees the Full Service Retirement and Individual Investor businesses for RIS. Reddy will report to Nora Everett, president of RIS.

“We’re thrilled to have Sri join Principal at a time when consumers are looking to us to help them on their financial journey from their first paycheck to their final payout in retirement,” said Everett. “Reddy is the right addition to our leadership team as he shares our passion for helping more people save enough during their working years and have enough through their retirement years.”

Reddy’s extensive leadership experience and industry knowledge will help advance Principal retirement income solutions that meet our customers’ needs. He was previously the senior vice president and head of Full Service Investments for Prudential Retirement where he was responsible for all aspects of the investments and retirement income businesses. Reddy also led Prudential Bank & Trust and Prudential Retirement’s registered investment advisor (Global Portfolio Strategies, Inc.). Previously, he held senior leadership positions with USAA and ING.

Reddy is a graduate of Baylor University and the Thunderbird School of Business Management. He also serves as a United States Department of Labor ERISA Advisory Council member.

To learn more about Reddy, you can view his LinkedIn profile.

About Principal^®

Principal helps people and companies around the world build, protect and advance their financial well-being through retirement, insurance and asset management solutions that fit their lives. Our employees are passionate about helping clients of all income and portfolio sizes achieve their goals – offering innovative ideas, investment expertise and real-life solutions to make financial progress possible. To find out more, visit us at principal.com.

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