Ellen W. Shumway

Senior Executive Director, Strategy & Boutique Operations at Principal

Ellen W. Shumway is a Senior Executive Director-Strategy and Boutique Operations with Principal Global Investors, the diversified asset management organization and a member of Principal Financial Group®.

In this role, Shumway leads the development of the firm's affiliate businesses and oversees their operations, marketing and governance. She also advises on the sales collaboration between the firm's institutional advisory services group and the affiliates.

Shumway joined Principal® in 2005 as vice president-Corporate Strategic Development. Prior to that, she spent 15 years at McKinsey & Company in the Chicago, Ill. office. She was a partner and leader in the firm’s North American Insurance Practice, heading up the North American Claims Operations and Strategy Practice. Prior to joining McKinsey, she was an assistant treasurer at J.P. Morgan & Company, Inc., in the bank’s Financial Advisory Department.

Shumway received her M.B.A. from the University of Chicago in 1990, where she was elected to Beta Gamma Sigma. She received her bachelor’s degree with honors, from Johns Hopkins University.


Previous companies

McKinsey & Company logo

Org chart


  • Senior Executive Director, Strategy & Boutique Operations

    Current role

View in org chart