John Kenney has joined Allspring Global Investments as head of strategic initiatives.
It is a new position, and Mr. Kenney will be based in Minneapolis, a spokesman said in an email.
Mr. Kenney will report to Joseph A. Sullivan, chairman and CEO, and will "oversee the firm's global product strategy and product development and lead the expansion of Remi, Allspring's tech-enabled separately managed accounts platform," said a news release Monday.
"Our SMA platform represents a strong and important growth opportunity for Allspring, and we have full confidence that John will help us further refine the firm's product strategy and development," Mr. Sullivan said in the release.
Mr. Kenney joins Allspring from "recent roles as an independent board member of a mutual fund platform and as an external adviser to Boston Consulting Group's asset and wealth management teams," the release said. Before that, he was an executive committee member and the global head of affiliate strategic initiatives at Legg Mason Global Asset Management, the release added.
Allspring, formerly Wells Fargo Asset Management, had $575 billion in assets under management as of Dec. 31, including $75 billion in SMA assets, the spokesman added.
