Asset management firm Allspring Global Investments has hired Chris Baker as chief compliance officer, effective January 2022.

Baker will join Allspring from State Street Global Advisors (SSGA), where he serves as chief compliance officer. He will report to Kate McKinley, Allspring’s incoming chief legal officer, as well as to the Allspring Funds board of trustees.

Baker has 22 years of experience as a compliance professional in the finance industry, with 19 years focused in asset management. At SSGA, he manages a compliance program that adheres to global regulations and supports all company functions, including sales, product, broker-dealer, and investments. In his role as chief compliance officer, he is responsible for maintaining a comprehensive regulatory inventory; performing periodic risk assessments; conducting risk-based monitoring; and producing compliance reporting to relevant committees, boards, and senior management.

In February, GTCR and Reverence Capital Partners announced they had agreed to acquire Wells Fargo Asset Management. The name change to Allspring Global Investments will go into effect upon the closing of the transaction, anticipated to take place in the short term, subject to customary closing conditions.