The firm promoted two of its credit investment team members.
The firms mutually agreed to terminate their prior agreement to combine, ending litigation with the U.S. Department of Justice.
The firm will rebrand to Allspring Global Investments and be led by a new ceo.
The new hire will join the firm in October.
The new hire will replace Steve Bolze, who will retire from the position in the fourth quarter.
He will oversee strategy, marketing and communications and global client management.
The current CIO is assuming a new role as global head of client relations.
The new office will help access the South Florida market, the firm said.
Over a third of alternatives investors plan to increase their exposure.
The current Co-CIO is retiring at the end of the year.