People Moves
Who's Moving Where In Wealth Management? - Wells Fargo AM, Winthrop
The latest senior moves in and around North American wealth management.
GTCR and Reverence Capital Partners, which agreed to acquire Wells Fargo Asset Management earlier this year, said last week that Kate Sandman McKinley would become chief legal officer of the newly-independent company, Allspring Global Investments, when the transaction is completed.
McKinley will report to Joseph A Sullivan, who serves as chairman and chief executive of Allspring. She will join from State Street Global Advisors, where she served as general counsel and senior vice president since 2019.
McKinley has spent the last 11 years with State Street Global Advisors where she oversaw the company's entire legal function. She previously undertook a range of senior roles at State Street. Prior to State Street, she served as assistant general counsel, wealth and investment management at Bank of America from 2005 to 2010. McKinley began her legal career as an associate in the investment management group at WilmerHale.
On February 23, GTCR and Reverence Capital Partners announced that they had agreed to acquire WFAM from Wells Fargo. The transaction is expected to be closed in the second half of 2021.
Winthrop Capital Management
Winthrop
Capital Management, a registered investment advisor, has
appointed Tim Bond as a senior research analyst.
Winthrop serves clients across the US and manages $3.9 billion in assets for insurance companies and institutional clients, including foundations and endowments, as well as financial advisors.
Bond is responsible for research in high-yield and high-grade corporate credit, commercial real estate and equities. Prior to Winthrop, Bond was the chief investment officer of Gripman Investment Advisors, where he managed the risk parity multi-asset strategy. Previously, Bond focused on investment research at both JP Morgan Asset Management and Conseco Capital Management. He earned a BS in avionics technology from Purdue University, and an MBA in finance from Indiana University.
Winthrop was founded in 2007 and is based in Indianapolis.
