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Principal Financial Group shuffles leadership at international units

Principal Financial Group Inc. appointed Pedro Borda senior vice president and COO of its subsidiary Principal International Inc.

Borda currently is president of Principal South Asia and India.

Current senior vice president and COO of Principal International, Renee Schaaf, will become president of Principal Retirement and Income Solutions in March.

Additionally, Thomas Cheong, president of Principal North Asia, will assume Borda's responsibilities for South Asia, becoming president of Principal Asia on March 2.