Principal hires senior equity trader in London

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Principal Global Investors has appointed Stuart Lawrence as senior equities trader to the global trading team.

Stuart will be responsible for co-managing Principal Global Investors’ European equity trades and will be based in Principal’s London office. He will report to Gayle Wageman, who manages the global trading desk.

Stuart will co-manage European dealing alongside Rogier Van de Grift, senior equity trader.

Prior to joining Principal, Stuart worked as an equity sales trader at Instinet for over six years. In the past, he also worked as senior dealer for Ennismore Fund Management and was also a European market maker at ABN AMRO, where he began his career on the graduate programme.

He received a Masters with distinction in Finance and Investment and a bachelor’s degree in Business Economics from University of Exeter. Stuart holds the Chartered Financial Analyst certification.

“London continues to be a strategic hub for global equities trading and adding Stuart to our dealing team will reinforce our global trading capabilities as investors continue to show an appetite for the asset class. Our global set up allows investors critical perspective at a time when markets continue to be volatile,”  Tim Stumpff, European CEO at Principal Global Investors, said.

As of 31 December 2016, Principal Global Investors had $ 411.1bn in assets under management. Of this amount, $17.6bn is managed on behalf of European investors and growing at a fast pace.

In December last year, Principal’s global fund business had assets of $175.9bn which includes the US mutual funds business and the Irish-domiciled Ucits funds.

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