Principal Financial Group announced Pablo Sprenger will join the company as executive vice president and president of Principal Latin America, effective Nov. 8, 2023. In this role, Sprenger will lead teams across three markets ?

Chile, Brazil, and Mexico ? overseeing all aspects of the company's pension and asset management operations, sales and distribution, and growth strategies within the region. Sprenger will report to Pat Halter, president of Principal Asset ManagementSM.

Sprenger joins Principal with over 20 years of industry experience, most recently as chief executive officer of SURA Investments. He has held various leadership roles across the region supporting pension, wealth, and asset management across multiple markets. Sprenger will be based in the Principal offices in Santiago, Chile.

As part of this transition, Sprenger will work closely with Luis Valdés, executive chairman of Principal Latin America and former president of Principal International, who has led the region on an interim basis since the retirement of Roberto Walker earlier 2023.