GTCR News & Analysis
2 articles
Market Mood
Allspring Global Investments Potential Sale Valued at $4 Billion
Allspring Global Investments is being prepared for a potential sale valued at approximately $4 billion, according to reports. The firm was previously acquired in 2021 for $2.1 billion by GTCR and Reverence Capital. Current discussions are in the early stages, with no definitive decisions made yet. Allspring manages $642 billion in assets and employs over 360 professionals, making it a significant player in the wealth management sector. This potential sale is noteworthy as the sector has seen several high-profile transactions this year.
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Fiduciary Trust Company Appoints Doris Meister CEO Effective 2026
Doris Meister has been appointed as CEO of Fiduciary Trust Company, replacing Austin Shapard, effective immediately. Shapard will transition to an advisory role until the end of 2026. Meister brings over 35 years of experience and previously served as chair and CEO of Wilmington Trust. This leadership change is part of a succession plan following GTCR's acquisition of Fiduciary Trust Company in April 2026. For investors, this shift may affect future growth strategies and service delivery at Fiduciary Trust.
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