In the Margins

Former NYLife IM CEO joins Principal Funds board

March 29, 2016

By Principal

Principal Funds has named Drew Lawton, former CEO and senior managing director of New York Life Investment Management, to its board of directors. In addition to NYLife, Lawton has held positions at Aetna Life and Casualty, Fidelity Investments, and Fridson Investment Advisors. "We are pleased to welcome Drew to our board. His extensive knowledge of the investment management business and experience in the mutual fund industry will serve Principal Funds shareholders well," Mike Beer, president and CEO of Principal Funds, said in a release. Read the full statement from Principal.

 

 

Most Read

Top of the Agenda - Regulatory
In-person voting relief extended through year-end

Mutual fund boards can continue conducting business—including voting on contract approvals and renewals and other important matters—virtually through the end of 2020, according to the Securities ...

Top of the Agenda - Governance
Recruiting in the time of coronavirus

Mutual fund boards seem well on their way to mastering the art of conducting business virtually, but one area that may still be a challenge during ...