Allspring Global Investments (Allspring), the pure-play, independent asset manager with US$575 billion in assets under management, 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.
“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”
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.
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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”.
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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”.
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