CHARLOTTE, N.C.--(BUSINESS WIRE)--Allspring Global Investments (Allspring), the pure-play, independent asset manager with US$575 billion in assets under management*, today announced the appointment of Andy Sowerby as managing director, head of Client Group APAC ex-Japan. Reporting to Deirdre Flood, head of International Client Group, Andy will assume responsibility for leading Allspring�s business development across the APAC region, identifying ways to best partner with existing and prospective clients.

Andy brings a wealth of experience with over 30 years across top-tier global companies. He has deep expertise in partnering with clients to develop innovative investment solutions with a goal to exceed their investment objectives. Throughout his career, Andy has held senior executive roles focused on institutional and wholesale markets. He joins from Legg Mason, where he was head of Asia Pacific (ex-Japan) and CEO of its Australia and New Zealand operations. Earlier, he worked as global head of distribution for Martin Currie for 11 years, where he established its international business, including offices in Singapore and Australia. He also held various roles with Investec Asset Management.

Joe Sullivan, executive chair and CEO at Allspring, said: �Our international client base is strategically important to us, and investing further to expand our value proposition and better serve these markets is a priority for Allspring. Andy�s hire is an important one as we seek to grow and enhance our international footprint�.

Deirdre Flood, head of International Client Group at Allspring, said: �I am delighted to have the opportunity to bring someone with Andy�s experience into the Allspring team. We are proud to serve a prestigious group of clients in the APAC region and look forward to identifying more ways to help meet their investment objectives and to be increasingly relevant to them�.

Andy Sowerby added: �Allspring is one of the most exciting asset managers in the market today. With global reach and a full suite of investment capabilities, I believe that Allspring has much to offer. With the formation of the new company comes a fresh energy and impetus but with the benefits of scale, heritage and deep resources. I am honoured to join at this juncture and look forward to working with both clients and colleagues to develop our business in the months and years ahead�.

About Allspring Global Investments

Allspring Global Investments� is a leading independent asset management company with more than US$575 billion in assets under management*, offices around the world and investment teams supported by 450 investment professionals. Allspring is committed to thoughtful investing, purposeful planning and inspiring a new era of investing that pursues both financial returns and positive outcomes. For more information, please visit www.allspringglobal.com.

*As of 31 December 2021. AUM includes US$91 billion from Galliard Capital Management, an investment advisor that is not part of the Allspring trade name/GIPS company.

This information is not a marketing communication and is provided for informational purposes only. For Professional/Qualified clients. Recipients who do not wish to be treated as Professional should notify their Allspring contact immediately.

Allspring Global Investments� [�Allspring�] is the trade name for the asset management firms of Allspring Global Investments Holdings, LLC, a holding company indirectly owned by certain private funds of GTCR LLC and Reverence Capital Partners, L.P. These firms include, but are not limited to, Allspring Global Investments (UK) Limited [�Allspring UK�] an investment management company, authorised and regulated by the UK Financial Conduct Authority (FCA), and Allspring Global Investments Luxembourg S.A [�Allspring Luxembourg�], authorised and regulated by the Commission de Surveillance du Secteur Financier (CSSF). Allspring Luxembourg has branches in Frankfurt and Paris and is allowed to provide services on a cross-border basis in the EEA. Allspring UK does not provide services to retail clients, the Financial Services and Markets Act 2000 (FSMA) rules for retail clients will not apply and the United Kingdom Financial Services Compensation Scheme is not available.

THIS MATERIAL DOES NOT CONSTITUTE AN OFFER OR SOLICITATION IN ANY JURISDICTION.

Past performance is not a guarantee or reliable indicator of future results. All investments contain risk. Unless otherwise stated, Allspring is the source of all data (which is current or as of the date stated); content is provided for informational purposes only with no representation regarding its adequacy, accuracy or completeness; views, opinions, assumptions or estimates are not necessarily that of Allspring or Allspring Global Investments Holdings, LLC and are subject to change without notice; information does not contain investment advice, an investment recommendation or investment research, as defined under local regulations.

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Aryna Kastavetskaya

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