The new hire will succeed Allspring’s current chief financial officer, Molly McMillin, who will be transitioning to a new role within the firm. 

Allspring Global Investments, a global asset management firm with $570 billion in assets under advisement, has appointed Annette Lege (pictured) to join the executive leadership team as chief financial officer, based in the firm’s Charlotte headquarters.

In this role, Lege will be responsible for leading Allspring’s global finance strategy, finance team, and financial operations, the firm said in a statement. She will join the firm in May, reporting to Allspring’s president Kate Burke.

Lege has over three decades of financial services and asset management experience. Most recently, she served as the chief financial officer of ProShares, an issuer of exchange-traded funds, where she was responsible for finance, human resources, and corporate facilities. Prior to that, she spent almost 30 years at Invesco, serving in various roles, including chief accounting officer and head of finance operations and business transformation, with responsibility across global controllership, tax, and financial planning and analysis. 

“Annette brings [to] our strong leadership team a complementary financial analytics skillset that will help further propel Allspring into our next growth phase,” Burke said.

The company has made a number of significant investments in its capabilities and senior appointments since inception including hiring a chief legal officer, a chief technology officer, a head of strategic initiatives, heads of US and international distribution and several senior distribution hires. See more commentary about the firm here and here.