The US-headquartered business has created a new Asia leadership role.

Principal Financial Group, the US-headquartered organisation, has appointed Celestine Khoo as managing director and head of Asia ex-Japan for its asset management arm, Principal Global Investors.

Khoo is based in Singapore. The role is a newly-formed one. Khoo heads PGI's Hong Kong and Beijing offices.

Khoo continues as managing director and head of Southeast Asia, a position she’s held since 2015, the firm confirmed to this news service.

Khoo has a regulatory background. She joined PGI in 2015 from the Monetary Authority of Singapore, where she had headed external fund management within the reserve management function at the MAS.