GTCR LLC and Reverence Capital Partners LP, which agreed to acquire Wells Fargo Asset Management earlier this year, has hired Kate McKinley as chief legal officer of the newly independent company, Allspring Global Investments, following closing of the transaction. McKinley will report to Joseph Sullivan, who will serve as chairman and CEO of Allspring. She will join from State Street Global Advisors, where she served as general counsel and senior vice president since 2019.
Sullivan said, “The appointment of Kate McKinley represents another important milestone as Allspring becomes an independent company later this year. Kate has one of the most respected legal minds in the asset management industry and will bring her vast experience, energy, and exceptional judgment to Allspring.”
McKinley said, “I am delighted to join Allspring at this unique point in the firm’s evolution. This is an incredible platform to build from, and I look forward to the opportunity to partner with Joe and the team to write the next chapter.”