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Change in Boardroom

PRINCIPAL FTSE ASEAN 40 MALAYSIA ETF

Date of change 16 Apr 2021
Name MR CHEONG WEE YEE
Age 53
Gender Male
Nationality Singapore
Type of change Redesignation
Previous Position Alternate Director
New Position Director
Directorate Non Independent and Non Executive

Qualifications

No
Qualifications
Major/Field of Study
Institute/University
Additional Information
Degree
Bachelor of Science (Economics), First Class Honours
London School of Economics, University of London
-
Masters
Master of Business Administration
Olin Business School, Washington University in St. Louis
First Class Honours

Working experience and occupation
Cheong Wee Yee ("Cheong") is Executive Vice President of Principal Financial Group® and President of Principal Asia. He is responsible for leading the development of the retail pension, long-term savings and asset management business in Hong Kong SAR and Beijing, China, Singapore, Malaysia, Indonesia, and Thailand, while managing key partnerships in the region. He currently serves on the board of the Company's subsidiaries in Thailand and Indonesia and other Principal entities in Asia including CCB Principal Asset Management, China joint venture and Principal Islamic Asset Management Sdn Bhd, Southeast Asia joint venture.

Cheong joined Principal in January 2015 and has more than 20 years of management experience in Asia, holding various senior management positions with profit and loss responsibilities. His extensive experience in the asset management, pension, and life insurance businesses included appointments as president of North Asia for Principal International; CEO and executive director of Manulife Asset Management (Taiwan); country head overseeing Manulife's joint venture asset management business in mainland China; CEO of the Prudential UK's China and Malaysia asset management companies, and the director of corporate development in Prudential UK's Singapore life insurance business.
Family relationship with any director and/or major shareholder of the listed issuer
N/A
Any conflict of interests that he/she has with the listed issuer
N/A
Details of any interest in the securities of the listed issuer or its subsidiaries
N/A



Remarks :
Mr Cheong Wee Yee was previously an Alternate Director to Mr Pedro Esteban Borda and his redesignation to Non-Independent Non-Executive Director on the Board of Principal Asset Management Berhad (the manager of Principal FTSE ASEAN 40 Malaysia ETF) ("PAM") was made pursuant to the notice of nomination received from PAM's shareholder, Principal International (Asia) Limited. The Board of PAM has approved the change of nominee with effect from 16 April 2021 in accordance with the provisions of PAM's Constitution.


Announcement Info

Company Name PRINCIPAL FTSE ASEAN 40 MALAYSIA ETF
Stock Name PAM-A40M
Date Announced 16 Apr 2021
Category Change in Boardroom
Reference Number C03-08042021-00007




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