PR97885

SINGAPORE, Oct. 11, 2022 /PRNewswire=KYODO JBN/ --

Allspring continues international expansion

Allspring Global Investments (Allspring), a leading independent asset manager

with more than US$476 billion in assets under management,* today announced the

appointment of Tan Song Chao (Gary Tan), CFA, as a portfolio manager on the

Intrinsic Emerging Markets Equity team. Gary will also serve as executive

director and CEO of Allspring's local entity in Singapore.

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Gary joins Allspring with over 18 years of experience working for global asset

managers. As part of the Intrinsic Emerging Markets Equity team, Gary will join

Portfolio Managers Derrick Irwin, Richard Peck and Prashant Paroda and will

report to Jerry Zhang, senior portfolio manager and head of the Intrinsic

Emerging Markets Equity team.

In his role as executive director and CEO of the local entity, Allspring Global

Investments (Singapore) Pte. Ltd., Gary will supervise day-to-day operations

and work to build the company's presence in this key market.

Gary has extensive experience analysing and investing in companies in Asia and

emerging markets combined with deep knowledge of the Singapore market. Before

joining Allspring, Gary was lead portfolio manager for Asia equity strategies

at Natixis Investment Managers. Before that role, he was a research coordinator

and lead analyst for Greater China, North Asia and Australia and a global

emerging markets environmental, social and governance coordinator with Natixis.

"We are delighted to welcome Gary to our team. His experience and background

will offer additional perspective to our emerging market equities research as

we seek quality companies at compelling prices. Our team has a disciplined

focus on companies positioned to offer both potential downside protection and

the ability to sustain high profitability", said Jerry Zhang.

Andy Sowerby, head of the International Client Group at Allspring, shared, "We

are continuing to expand our international footprint and welcome Gary Tan to

Allspring. Our expertise in emerging market equities is critical to our client

base, and growing the team in key markets is an important objective".

To learn more about Allspring and our mission to elevate investing, please visit

www.allspringglobal.com .

About Allspring Global Investments

Allspring Global Investments™ is an independent asset management company with

more than US$476 billion in assets under management*, offices around the world

and investment teams supported by 450 investment professionals. Allspring is

committed to thoughtful investing, purposeful planning and inspiring a new era

of investing that pursues both financial returns and positive outcomes.

*As of 30 June 2022, AUM includes US$93 billion from Galliard Capital

Management, an investment advisor that is not part of the Allspring trade

name/GIPS company.

This material is provided for informational purposes only and is for

professional, institutional or qualified clients/investors. Not for retail use

outside the U.S. THIS MATERIAL DOES NOT CONSTITUTE AN OFFER OR SOLICITATION AND

IN ANY CASE IS NOT INTENDED TO BE USED IN ANY JURISDICTION OR TO ANY PERSON

WHERE IT WOULD BE UNAUTHORISED OR UNLAWFUL TO DO SO. Allspring Global

Investments(TM) (Allspring) is the trade name for the asset management

companies of Allspring Global Investments Holdings, LLC, a holding company

indirectly owned by certain private funds of GTCR LLC and Reverence Capital

Partners, L.P. Unless otherwise stated, Allspring is the source of all data

(which is current or as of the date stated); past performance is not a

guarantee or reliable indicator of future results; all investments contain

risk; content is provided for informational purposes only with no

representation regarding its adequacy, accuracy or completeness and should not

be relied upon; views, opinions, assumptions or estimates are not necessarily

that of Allspring and are subject to change without notice; and this

communication does not contain investment advice, an investment recommendation

or investment research, as defined under local regulation of the respective

jurisdiction.

PAR-0722-00620

(C) 2022 Allspring Global Investments Holdings, LLC. All rights reserved.

SOURCE Allspring Global Investments

CONTACT: Aryna Kastavetskaya, aryna.kastavetskaya@peregrinecommunications.com,

+44 (0) 7969 516 159, Melissa Murphy, melissa.murphy@allspring-global.com,

+1-804-396-6440