Clients
Principal Asset Management Company (asia) Limited serves 35 clients, 14 of them pooled investment vehicles. The average client has about $411 million with the firm.
- Banking or thrift institutions1 clients14%
- Pooled investment vehicles14 clients80%
- Pension and profit-sharing plans8 clients3%
- OtherInvestment companies, Sovereign wealth funds and foreign official institutions, Corporations and other businesses4%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Banking or thrift institutions | 1 | $1,988,172,604 | 13.8% | $1.99B |
| Investment companies | 10 | $222,133,659 | 1.5% | $22.2M |
| Pooled investment vehicles | 14 | $11,493,589,780 | 79.9% | $821.0M |
| Pension and profit-sharing plans | 8 | $383,865,628 | 2.7% | $48.0M |
| Sovereign wealth funds and foreign official institutions | 1 | $242,779,698 | 1.7% | $242.8M |
| Corporations and other businesses | 1 | $50,339,087 | 0.4% | $50.3M |
| Total | 35 | $14,380,880,456 | 100% | $410.9M |
- Clients
- 1
- Regulatory AUM
- $1,988,172,604
- Share
- 13.8%
- Avg. per client
- $1.99B
- Clients
- 10
- Regulatory AUM
- $222,133,659
- Share
- 1.5%
- Avg. per client
- $22.2M
- Clients
- 14
- Regulatory AUM
- $11,493,589,780
- Share
- 79.9%
- Avg. per client
- $821.0M
- Clients
- 8
- Regulatory AUM
- $383,865,628
- Share
- 2.7%
- Avg. per client
- $48.0M
- Clients
- 1
- Regulatory AUM
- $242,779,698
- Share
- 1.7%
- Avg. per client
- $242.8M
- Clients
- 1
- Regulatory AUM
- $50,339,087
- Share
- 0.4%
- Avg. per client
- $50.3M
Total
- Clients
- 35
- Regulatory AUM
- $14,380,880,456
- Share
- 100%
- Avg. per client
- $410.9M
What it does
Principal Asset Management Company (asia) Limited provides portfolio management for pooled vehicles, portfolio management for institutions and selecting other managers. It is paid through a percentage of assets, fixed fees and performance-based fees.
Principal Asset Management Company (asia) Limited advises no private funds.
94.3% of assets ($13.56B across 23 accounts) are managed with discretion; $822.4M across 12 accounts are not. 100% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks38%
- Funds25%
- Bonds18%
- Investment grade corporate bonds10%
- High-yield corporate bonds8%
- Cash19%
Custodians
Principal Asset Management Company (asia) Limited’s client accounts are held mainly at Citibank NA, with 6% of managed assets. Principal Asset Management Company (asia) Limited does not have custody of client assets.
- Citibank NACitibank NA · New York, NY · $849.0M6%
- All other custodians$13.53B94%
Ownership and leadership
Principal International (asia) Limited owns 75% or more of Principal Asset Management Company (asia) Limited.
- Owns 75% or more of Principal Asset Management Company (asia) Limited
Principal International (asia) Limited
Control person · since December 1997
- Owns 75% or more of Principal International (asia) Limited
Principal International LLC
Control person · since December 1997
- Owns 75% or more of Principal International LLC
Principal Financial Services Inc
Control person · since December 1997
- Owns 75% or more of Principal Financial Services Inc
Principal Financial Group, Inc
Control person · since December 1997
Leadership
- Kamal BhatiaPresident & CEO, Principal Asset Management
- Thomas CHEONGExecutive Vice President, Principal Asia
- John EganChief Financial Officer
- Justin LangeChief Compliance Officer
- George DjurasovicGeneral Counsel
- Phillip SaranDirector
- Raj SinghDirector
- Yo-Hann TanDirector
- Alan WangHong Kong China Equities MD & CIO
- Barbara WenigChief Business Officer
- Rongsa ZhongDirector
Staff
- 39 employees
- 30 in advisory functions
- 1 soliciting firm
Fees
Principal Asset Management Company (asia) Limited is paid through a percentage of assets under management, fixed fees (other than subscription fees) and performance-based fees.
Principal Asset Management Company (asia) Limited’s fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Principal Asset Management Company (asia) Limited has 1 office, with 1 listed address with no US state reported.
Registration details
- Legal name
- Principal Asset Management Company (asia) Limited
- Headquarters
- 29/F, Sun Hung Kai Centre, 30 Harbour Road, Wanchai, Hong Kong
- Phone
- 85228271628
- Website
- Not reported
- SEC file
- 801-126155
- Structure
- corporation organized in Hong Kong
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Principal Asset Management Company (asia) Limited have?
Principal Asset Management Company (asia) Limited has 35 clients and manages $14.4 billion for them, as of March 2026. They include 14 pooled investment vehicles, 10 investment companies and 8 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026
What services does Principal Asset Management Company (asia) Limited offer?
Principal Asset Management Company (asia) Limited provides portfolio management for pooled vehicles, portfolio management for institutions and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Principal Asset Management Company (asia) Limited use?
Principal Asset Management Company (asia) Limited’s separately managed account assets are held at Citibank NA (New York, NY), with $848,976,203. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026
How many financial advisors does Principal Asset Management Company (asia) Limited have?
Principal Asset Management Company (asia) Limited has 0 investment adviser representatives registered with state securities authorities, out of 39 employees, and 30 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Principal Asset Management Company (asia) Limited invest in?
At the end of its last fiscal year, Principal Asset Management Company (asia) Limited’s separately managed accounts held 38% exchange-traded equities, 25% pooled vehicles (private funds and similar), 19% cash and equivalents, 10% investment grade corporate bonds and 8% high-yield corporate bonds. It advises no private funds of its own.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Principal Asset Management Company (asia) Limited?
Principal Asset Management Company (asia) Limited is owned through a chain of holding companies by Principal Financial Group, Inc. Its direct owner is Principal International (asia) Limited (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026
How does Principal Asset Management Company (asia) Limited get paid?
Principal Asset Management Company (asia) Limited is paid through a percentage of assets under management, fixed fees and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file