Principal Financial Group, Des Moines, has hired Robert G. Millen as vice president of the newly created annuities division.

He is responsible for individual annuity products and distribution through banks of individually sold insurance products.

Mr. Millen was a group vice president for corporate and financial services with Wellmark Inc. Before that he had been president and chief executive officer of First Interstate Bank in Des Moines, First Interstate Bancorp's lead Iowa unit. Earlier he was a group vice president at Norwest Bank in Des Moines.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.