Allspring Global Investments, formerly the asset management unit of Wells Fargo spun off in November 2021, has appointed three independent directors — Nora Jordan, Kay Madati, and Charles (Chip) Roame — to complete its 11-member board.
The Charlotte, North Carolina-based asset manager has more than $541 billion in assets under management.
Nora Jordan, now senior counsel at Davis Polk and formerly a partner, served as head of the law firm's investment management group, Allspring said in a press release. Kay Madati is the chief commercial officer at FIFA, the international governing body for soccer. Chip Roame is the founder and managing partner of Tiburon Strategic Advisors and the Tiburon CEO Summits.
"It is my pleasure to welcome Nora, Kay, and Chip to our board. As independent directors, their breadth of experience and skills will bring strong oversight as we chart Allspring's path forward," Joe Sullivan, executive chair and chief executive officer at Allspring, said in the release.
From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.
Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.
“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.
Sellers shift focus: It's not about succession anymore.
Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
