GTCR LLC and Reverence Capital Partners, which agreed to acquire Wells Fargo Asset Management (WFAM) earlier this year, have appointed Chris Baker as Chief Compliance Officer of the newly independent company, which is now known as Allspring Global Investments.
Baker will join Allspring in January 2022 from State Street Global Advisors (SSGA) 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 A Sullivan, the incoming Chairman and CEO of Allspring, says: “Chris brings a wealth of compliance experience to our organisation. 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.”
Baker has 22 years of experience as a Compliance professional in the finance industry with 19 years focused in asset management. At SSGA, he manages a compliance program that adheres to global regulations and supports all company functions, including sales, product, broker-dealer and investments. In his role as Chief Compliance Officer, Mr. Baker is responsible for maintaining a comprehensive regulatory inventory, performing periodic risk assessments, conducting risk-based monitoring, and producing compliance reporting to relevant committees, boards, and senior management. Baker has a BA from Franklin & Marshall College and an MBA in Finance from Boston University.