The team at a $476-billion-AUM (as of June 30) asset manager is preparing to welcome a distribution leader who has worked with both mutual fund firms and B-Ds.

On Thursday, Joe Sullivan, chair and CEO of Allspring Global Investments [profile], confirms the appointment of John Moninger as head of U.S. distribution at Charlotte, North Carolina-based Allspring. Moninger will remain based in the Boston area.

Moninger has a spent a decade with Eaton Vance (part of Morgan Stanley [profile]), serving as managing director of intermediary sales. An Eaton Vance spokesperson did not immediately respond to a request for comment.

At Allspring, Sullivan lauds Moninger for bringing "a strong blend of highly relevant industry experience that will be instrumental as we continue to build and grow Allspring as an independent company in partnership with our clients."

"I am excited and energized to join Allspring at such a unique point in the firm's evolution," Moninger states. "I have been impressed by the strong investment platform and caliber of the people at Allspring and look forward to partnering with Joe and the team to evolve the Company together."

Moninger joined Eaton Vance back in 2012, and he stayed on after the sale to Morgan Stanley last year. Earlier, he led advisory and brokerage consulting at LPL and served as national consulting director, investment solutions at UBS. He also worked at Alliance Capital. He is an alumns of Kutztown University. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE