United States $628 Billion Asset Manager Allspring Global Investments to Buy Investment Team of United States $1.1 Billion Fixed Income Investment Firm GIA Partners, Founded in 2009 by CEO & CIO Eduardo Cortes (JP Morgan Asset Management Portfolio Manager & Chief Investment Officer of Global Investment Advisors at Reich & Tang Asset Management, Natixis)
20th April 2026 | Hong Kong
United States asset manager Allspring Global Investments ($611 billion AUM) has announced to buy the investment team of United States fixed income investment firm GIA Partners ($1.1 billion AUM), founded in 2009 by CEO & CIO Eduardo Cortes (JP Morgan Asset Management Portfolio Manager & Chief Investment Officer of Global Investment Advisors at Reich & Tang Asset Management, Natixis). Announcement (14/4/26): “Allspring Global Investments™, a global asset management firm with $628 billion* in assets under advisement, today announced that it has entered into a definitive agreement to acquire the investment team of GIA Partners, LLC, an investment firm with a proven track record in managing global credit portfolios. The GIA team, led by founder Eduardo Cortes, who has over four decades of experience in multi-sector fixed income and emerging market debt, will enhance Allspring’s investment platform and capabilities. This strategic addition will strengthen Allspring’s presence, particularly in emerging markets, which are experiencing heightened investor demand. The transaction is subject to customary closing conditions and is expected to close early in the third quarter … … Cortes, who led the emerging market debt portfolio team at J.P. Morgan Investment Management prior to founding GIA Partners, is joined by a multilingual team of investment professionals, including: 1) Albert Tseng, who serves as deputy CIO responsible for credit analysis, investment thesis, and portfolio analysis, 2) David Ellis, CFA, a high yield specialist senior portfolio manager with expertise in telecom, media, and health care, 3) Hamburg Tang, a senior portfolio manager focused on emerging market strategy who covers autos, airlines, consumer, and industrials, 4) Miguel Escobar, a portfolio manager specializing in commodities, chemicals, and energy … … GIA Partners’ approach to global credit includes bottom-up analysis to generate country and industry allocations, with a factor analysis overlay to monitor risk exposures. Compared with its peer group, GIA’s emerging market corporate debt, high yield, and core plus strategies have demonstrated robust outperformance.” In 2025 August, Allspring Global Investments hired Manulife Investment Management Sam Lo as Sales Director for Hong Kong reporting to Priscilla Phoon (Head of Financial Institutions Asia ex-Japan. Sam Lo has 10 years experience in asset management industry at Manulife Investment Management, Goldman Sachs Asset Management, Value Partners Group, Enhanced Investment Products & Premia Partners. In 2025 April, Allspring Global Investments appointed President Kate Burke as CEO (1/7/25) succeeding Joe Sullivan who will continue as Executive Chair. Kate Burke has more than 20 years in asset management industry including as AllianceBernstein COO & CFO, and Head of Bernstein Private Wealth & Chief Administrative Officer.
“ United States $628 Billion Asset Manager Allspring Global Investments to Buy Investment Team of United States $1.1 Billion Fixed Income Investment Firm GIA Partners, Founded in 2009 by CEO & CIO Eduardo Cortes (JP Morgan Asset Management Portfolio Manager & Chief Investment Officer of Global Investment Advisors at Reich & Tang Asset Management, Natixis) “
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Allspring Chief Executive Officer Kate Burke: ”Eduardo and the GIA team have a disciplined investment approach, strong culture, and proven track record in global credit markets that make them an exceptional fit for Allspring. Their deep expertise in emerging markets and high yield credit will add meaningful capabilities and underscores our continued commitment to invest in our fixed income platform to better serve our clients.”
GIA Partners CEO & CIO Eduardo Cortes: ”Our plan to join Allspring marks an exciting new chapter for our team, as their commitment to deep credit research and investing in cutting-edge tools and technology aligns seamlessly with our investment philosophy. We are particularly drawn to Allspring’s model, which empowers portfolio management teams with autonomy while fostering collaboration. We felt an immediate cultural alignment with their seasoned and diverse fixed income teams, underpinned by a strong, client-focused investment culture.”
GIA Partners – GIA Partners, LLC is an independent, entrepreneurial Registered Investment Advisor wholly owned by its investment team. GIA is a leader in providing yield enhanced fixed income solutions for institutional investors (pension funds, trusts, endowments). GIA Partners, LLC (“GIA”) was formed on the premise that credit risk is well compensated, measurable, and diversifiable. Our founding partners were early to recognize the merit of investing in high yield and emerging markets credit and among the first to take advantage of these markets to enhance and diversify fixed income portfolios. Combining our intellectual capital, depth of experience and network of contacts around the world, we have developed unique insights and a thorough understanding of fixed income investments and their role in globally diversified portfolios. GIA has been managing fixed income assets since 1998 and was established as an independent Registered Investment Advisor in 2009. GIA is a certified minority-owned business enterprise. Our clients include corporate plans, public plans, foundations and endowments.
Eduardo Cortes – Eduardo Cortes is the Chief Executive Officer and Chief Investment Officer of GIA Partners, LLC (“GIA”) and has day-to-day responsibility for portfolio construction, asset allocation, security selection, and risk management. Prior to the establishment of GIA, Mr. Cortes was the Chief Investment Officer of Global Investment Advisors, a division of Reich & Tang Asset Management, LLC, for over ten years. From 1985 to 1998, Mr. Cortes worked at JPM and JPMIM where he was a portfolio manager in the fixed income group at JPMIM where he was responsible for dollar and non-dollar fixed income portfolios. During that time, he created and led the Emerging Market Debt portfolio team whose funds grew to more than $4 billion in assets. He was also a member of the Cross-Sector Strategy Team and the Emerging Market Equity/Debt Allocation Team. Prior to joining JPMIM, Mr. Cortes worked on debt restructuring for Latin American sovereigns at Citibank. Mr. Cortes received a BA from Stanford University in 1979 and an MBA from the University of California at Los Angeles (UCLA) in 1983. Mr. Cortes is fluent in Spanish.
Allspring Global Investments – Allspring Global Investments™ is an independent asset management firm with more than $628 billion in assets under advisement*, 19 offices globally, and investment teams supported by 375+ 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.
United States $611 Billion Asset Manager Allspring Global Investments Hires Manulife Investment Management Sam Lo as Sales Director for Hong Kong Reporting to Priscilla Phoon (Head of Financial Institutions Asia ex-Japan, 10 Years Experience in Asset Management Industry at Manulife Investment Management, Goldman Sachs Asset Management, Value Partners Group, Enhanced Investment Products & Premia Partners
5th August – United States asset manager Allspring Global Investments ($611 billion AUM) has hired Manulife Investment Management Sam Lo as Sales Director for Hong Kong reporting to Priscilla Phoon (Head of Financial Institutions Asia ex-Japan. Sam Lo has 10 years experience in asset management industry at Manulife Investment Management, Goldman Sachs Asset Management, Value Partners Group, Enhanced Investment Products & Premia Partners. In 2025 April, Allspring Global Investments appointed President Kate Burke as CEO (1/7/25) succeeding Joe Sullivan who will continue as Executive Chair. Kate Burke has more than 20 years in asset management industry including as AllianceBernstein COO & CFO, and Head of Bernstein Private Wealth & Chief Administrative Officer.
United States $605 Billion Asset Manager Allspring Global Investments Appoints President Kate Burke as CEO (1/7/25) Succeeding Joe Sullivan Who Will Continue as Executive Chair, Kate Burke Has More than 20 Years in Asset Management Industry Including as AllianceBernstein COO & CFO and Head of Bernstein Private Wealth & Chief Administrative Officer
5th April 2025 – United States asset manager Allspring Global Investments ($605 billion AUM) has appointed President Kate Burke as CEO (1/7/25) succeeding Joe Sullivan who will continue as Executive Chair. Kate Burke has more than 20 years in asset management industry including as AllianceBernstein COO & CFO, and Head of Bernstein Private Wealth & Chief Administrative Officer. Announcement (2/4/25): “Allspring Global Investment, a global asset management firm with $605 billion in assets under advisement, today announced that Kate Burke will assume the role of Chief Executive Officer (CEO) effective July 1, 2025. Burke joined Allspring in 2023 as President and also began service as a Director on the company’s board. CEO Joe Sullivan will continue to serve as Executive Chair of the Board, working closely with Kate Burke and other leaders to drive the company’s strategy. Burke has more than two decades of asset management industry experience. Prior to joining Allspring, she served as the Chief Operating Officer and Chief Financial Officer of AllianceBernstein, a leading global investment management firm, where she was responsible for overseeing all corporate functions of the firm, including strategy, global technology and operations, quantitative research and data science, human capital and administrative services, legal and compliance, and finance. She was previously Head of Bernstein Private Wealth and Chief Administrative Officer, and, prior to that, she was Head of Human Capital and Chief Talent Officer.”
Allspring – Allspring Global Investment is an independent asset management firm with more than $605 billion in assets under advisement, over 20 offices globally, and investment teams supported by 400+ 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.
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