Allspring Global Investments announced today that Kate Burke will assume the role of chief executive officer (CEO), effective 1 July 2025.
Burke joined Allspring in 2023 as president and also began as a director on the company’s board. CEO Joe Sullivan will continue to serve as executive chair of the board, working closely with Burke and other leaders to drive the company’s strategy, according to a statement by the asset manager.
Burke (pictured) has more than two decades of asset management industry experience. Prior to joining Allspring, she was the chief operating officer and chief financial officer of AllianceBernstein, where she was responsible for overseeing all corporate functions of the firm, including strategy, global technology and operations, quantitative research and data science, human capital and administrative services, legal and compliance, and finance.
She was previously head of Bernstein Private Wealth and chief administrative officer, and, before that, she was head of human capital and chief talent officer.
Sullivan said: “Kate has been a great fit with our organisation and shares our mission. Since joining the team in 2023, Kate has established herself as a skilled leader who combines deep experience in asset management and an understanding of the power of people to build culture and deliver results.”
Allspring Global Investments is an independent asset management firm with more than $605bn in assets under advisement (as of 31 December 2024), over 20 offices globally, and investment teams supported by 400+ investment professionals.
