Norman Sorensen serves as a Director at Encore Capital Group since December 2011. He serves as Board Member at Cabot Credit Management. He is a former Chairman of the International Insurance Society. Previously, he was Chairman of the International Advisory Council of Principal Financial Group. He was Chairman of Principal International (financial services and asset management), serving from 2011-2012, and President and CEO of International Asset Management and Accumulation of the Principal Financial Group, serving from 2001-2011. He has served as Executive Vice President of both Principal Financial Group, Inc. and Principal Life Insurance Company since 2007. He previously served as Senior Vice President of Principal Financial Group, Inc. since 2001 and Senior Vice President of Principal Life Insurance Company since 1998. Prior to that he served as a senior executive of American International Group, Inc. (insurance services) from 1989-1997.