Kate Burke has been appointed CEO of Allspring Global Investments, effective 1 July.
The North Carolina-based investment firm holds more than US$605 billion in assets under advisement across both equity and fixed income funds.
She replaces Joe Sullivan, who has held the role since 2021. Sullivan will remain active in the company as executive chair of the board.
Burke has more than 20 years of industry experience and has been president at Allspring since September 2023. Prior to this, she spent almost eight years with AllianceBernstein in senior roles including chief operating and chief financial officer.
Earlier in her career, Burke was head of private wealth at Bernstein’s private wealth management business and a managing director at Bernstein Research.
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