GTCR LLC and Reverence Capital Partners LP, which agreed to acquire Wells Fargo Asset Management, have hired Chris Baker as chief compliance officer of the newly independent company, Allspring Global Investments, following close of the transaction this year. Baker joins Allspring from State Street Global Advisors where he serves as chief compliance officer. Baker will report to Kate McKinley, Allspring’s incoming chief legal officer, as well as to the Allspring Funds board of trustees.
Joseph Sullivan, the incoming Chairman and CEO of Allspring, said, “Chris brings a wealth of compliance experience to our organization. His partnership with our new chief legal officer, Kate McKinley, will foster close collaboration between the two critical functions of legal and compliance, ensuring an integrated response and support model for all of our key stakeholders including clients, regulators, business leaders, and our board.”