Principal appoints UK fund distribution director

Ridhima Sharma
Principal appoints UK fund distribution director

Principal Global Investors announced the appointment of Alan Glendon as director of UK fund distribution.

Glendon will be responsible for building and strengthening relationships between Principal and private banks, wealth managers, family offices and brokers in UK, Ireland and the Channel Islands. He will report to Nick Lyster, global head of wealth advisory services.

Glendon has over 17 years’ experience in asset management with a focus on wealth management. He joins from Janus Capital where he was sales director, responsible for the firm’s strategic direction, sales management and delivery for their UK financial institutions channels. Prior to joining Janus, Alan was head of UK discretionary sales for Premier Asset Management and he had previously worked for F&C Asset Management and Investec.

Along with the appointment of Alan Glendon, Martin Bloch is hired as country head and head of sales in Switzerland for Principal’s recently opened Zurich office.

Nick Lyster, global head of wealth advisory services at Principal Global Investors, said: “The UK, Ireland and Channel Islands is a key region for wealth management services and represents a critical market for our funds platform. We are seeing increasing interest in our funds from wealth managers in the UK and Ireland, and Alan will undoubtedly help us to strengthen our existing relationships in the wholesale space.”

Alan Glendon, director UK fund distribution, commented: “Principal’s range of specialised asset classes and strategies housed within a multi-boutique structure responds well to the needs and wants of wealth managers and their clients. Its established Ireland-domiciled fund range can be of particular interest for those who are expanding their sub-advisory services to offer better portfolio solutions for its clients.”

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