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Article: Principal Global's shuffle: Migro and West go east.
- Article from:
- Australasian Business Intelligence
- Article date:
- June 17, 2003
CopyrightCOPYRIGHT 2003 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Jun 17, 2003 (The Australian Financial Review - ABIX via COMTEX)
In a shake-up at Principal Global Investors, Australia's Michael Migro will become chief operating officer in New York (US). Kirk West, head of the London office, will replace Migro in Australia. Migro worked at Perpetual, Westpac and BT before joining Principal. West must rebuild Principal's listed property trust (LPT) team in Australia, as its former members left in early 2003 to form a venture with Michael Turnball. Principal Office Fund has also faced a takeover offer from Investa. Morningstar's Howard Tweedie said Principal should rebuild its team. Simon Hedger and Chris ...