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View from 801 Grand. Its owner, Principal Financial Group, is headquartered at 711 High Street.
Principal Trust Company Des Moines Ia
Principal Financial Group is an American global investment management and insurance company headquartered in Des Moines, Iowa, USA. Capital e
Principal Financial Group Profile
The company is comprised of four divisions: Retirement and Income Solutions, Global Investors, Principal International and Benefits and Security.
The company employs approximately 9,000 people in Des Moines, Iowa, and owns and operates several downtown buildings. The tallest, 45 stories high (192 m/630 ft), is called 801 Grand.
As of March 2014, Principal employs 14,600 people worldwide, and its global distribution center, Principal Global Services, is located in Pune, Maharashtra, India.
The minister has been a registered lobbyist in the Iowa Legislature since December 2016. They were assigned to influence the executive branch of the Iowa government.
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In 2019, Principal acquired Wells Fargo’s institutional pension and trust business (including 401k, psion, deferred compensation, employee stock ownership plans and wealth advisory business) for $1.2 billion. The deal is backed by cash and collateral financing.
In 2021, the investment firm Elliott Investments Management took a stake in Met Principal, saying it would seek changes in the company.
As a result of the negotiations with Elliott, two new independent directors were announced to its board in February 2021.
Between 2005 and 2015, Eddie played a key role in the marketing campaign of Principal Financial Group. Eddie’s television and print commercials show him facing challenges and using the Principal Edge brand to solve financial, business and everyday problems. Eddie retired in 2015 to prepare for the company’s new brand, which launched in 2016.
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Principal has naming rights to the Principal Riverwalk, Principal Park and the Principal Charity Classic in Des Moines.
On August 20, 2020, the company announced that Kay McCallum will become the new Chief Risk Officer following the retirement of Julia Lawler. On June 20, Principal marked a milestone in the five-year, $400 million redevelopment of downtown Des Moines. A compass. An international financial consulting firm celebrated the rebranding of its main campus with the grand reopening of 711 High Street.
The renovation of the Art Deco building involved removing the entire square core of the seven-story building to create a large atrium with glass walls and a roof. The roof was raised as a common area of the teaching campus, and the sky connected to the other buildings was lowered one level to increase circulation. The renovation will include a new public entrance, meeting rooms, fitness center, health room, gallery, outdoor space, customer center and sales center. Originally built in 1938, this building features decorative details and beautiful historic finishes that have been expertly preserved and protected by our team during construction.
OPN has worked with the Principal since 2013 to renovate all the buildings on the business campus in the town. The renovation of 750 Park was completed in two phases, with half of the building opening in 2014 and the other half in 2015. Renovation of the main rental floors of 801 Grand Center was completed in early 2017. Construction of Principal Corporate 2 is scheduled to begin in 2018.
Principal Financial Group, Community & Design Award Winner
The aim is to reorganize several areas of the Principal’s offices to better accommodate collaboration between the four walls, creating more jobs for staff while recognizing that staff need independent workspaces. The results are full of things you have to see to believe, says the Des Moines Register. And the Des Moines Business Record says the renovated headquarters adds to the building’s original luxury.
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