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Principal Financial Group buys MetLife’s Mexico pension fund management business

Posted By Eric Muller-Borle On In Companies,_Issue023,_MagNews | Comments Disabled

Principal Financial in October 2017 bought MetLife’s pension fund management business in Mexico, MetLife Afore, adding a larger distribution network to Principal Afore’s current business in the country and the fifth largest player in the Mexican mandatory pension, voluntary long-term savings, and mutual funds competitive space. The transaction is expected to complete in early 2018.