Allspring Global Investments has named Kate Burke (pictured) as its CEO.
She takes up the top job from current CEO Joe Sullivan in July, who will continue as Allspring’s board chair. Burke joined Allspring in 2023 as president and a director on the board.
With over two decades in asset management, Burke served as the chief operating officer and chief financial officer of AllianceBernstein.
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Sullivan has led Allspring, which was formerly Wells Fargo’s asset management arm, since the firm became independent in 2021.
“Since Allspring began its journey as an independent firm, Joe Sullivan’s vision and leadership has had profound impacts on the organisation, its strategy, and momentum. His guidance, people-orientation, and the culture he established will continue to serve our leadership team, Allspring employees, and, most of all, our clients,” Burke said.
“With this solid foundation, I am honoured and humbled to be tasked with leading Allspring into our next chapter.”