Throughout history, Barings has been a leader in providing global, innovative, diversified solutions to clients. Our integrated platform is focused on providing investors attractive, through-the-cycle risk-adjusted returns that are less correlated with traditional debt and equity markets. The collapse of Barings Bank in February 1995 was caused by colossal losses incurred by a single rogue trader. Prior to joining Barings in 2013, Mr. Lloyd served as Head of Market and Institutional Risk for Wells Fargo, was on Wells Fargo's Management Committee, and was a member of the Board of Directors . Mr. Byers serves as the Independent Chairman of the Board of Directors of Deutsche Bank DBX ETF Trust and as a member of the audit and nominating committees. Our broad capabilities allow us to go beyond traditional fixed income strategies and access investments spanning the quality, yield and liquidity spectrum. Read, watch and listen to the latest insights from our global investment teams. This material should not be construed as a recommendation, and Barings is not soliciting any action based upon such information. Barings' team-based culture seeks to deliver long-term financial security and builds a sustainable future in service to our clients, colleagues and communities. If you have questions or would like more information about our offerings, please get in touch with us. A career at Barings means joining a world-class firm with a collegial culture and rich history in asset management. in Finance from the University of Virginia, McIntire School of Commerce. A lack of active involvement by the Board and management of Barings, allowed Nick Leeson to chalk up astronomical losses from his trading activities that brought the 200-year old financial institution to its knees . Ms. Lancaster-Beal is the President and Chief Executive Officer of VLB Associates, a management consulting firm she founded in January 2014 that provides financial and operational advisory services to middle-market businesses, investment firms and non-profit organizations. Since 2014, Mr. Byers has been engaged periodically as an independent consultant to provide expert reports and opinions in financial and investment related matters. *As of June 30, 2022. Barings Bank was founded in 1762 as the John and Francis Baring Company by Sir Francis Baring, 1st Baronet, with his older brother John Baring as a mostly silent partner. It acts in the social interest of the Bank and ensures its proper function. Copyright 2023 Barings. He also acted as managing director for over ten years with Millennium Partners. Barings Insurance Solutions group develops customized solutions leveraging the firms experience and capabilities across public and private asset classes. Dr. Harris is also the Chief Executive Officer and Managing Partner of Vesalius Ventures, Inc. a venture capital firm that invests in early- to mid-stage healthcare technologies and companies. 01.03.2023 - Nasdaq CopenhagenLondon Stock Exchange Euronext DublinOther stakeholders Date: 1 March 2023 The bank's board of directors Following close of the bank's annual general meeting . Robert is also a director of Okeanis Eco Tankers, Emergent Capital, and the Pacific Alliance Asia Opportunity Fund and its related entities and Pacific Alliance Group Asset Management Ltd., based in Hong Kong. Jill received a Bachelor of Science from Clemson University and a Masters in Organization Behavior and Development from Fielding University. John Switzer is currently a member of the Board of Directors of Carolina Tractor and Equipment Company, a large, privately held southeastern supplier that specializes in material handling, engineered systems, truck engines, power generation systems, and they supply construction, forestry, and paving products. . Since 2016, Mr. Byers has also served as a board member of the Mutual Fund Directors Forum, an independent, non-profit organization serving independent directors of U.S. funds registered with the Securities and Exchange Commission under the 1940 Act. Additionally, Ms. Lancaster-Beal served on the Board of Regents of Georgetown University from 2006 to 2010. When Nick Leeson's fraud was discovered in 1995, the banks claimed they already knew how this broker had managed to circumvent the financial institution and claimed that the loopholes in the bank's system had been . David holds a B.S. Barings subadvises a series of mutual funds for MassMutual Funds. from the University of Washington, and an M.B.A. from Wake Forest University. Prior to PaineWebber, Mr. Byers was an executive at Citibank/Citicorp from 1979 to 1986. Barings Bank: A British merchant bank that was started in 1762, and for centuries was considered the largest and most stable bank in the world. All rights are reserved. The Barings Investment Institute explores the forces that shape long-term investment and capital decisions. We build high-conviction portfolios based on fundamental, bottom-up research and ESG integration, seeking to identify companies with strong growth potential. Mark is a Certified Public Accountant and is a graduate of St. Bonaventure University. Barings BDC, Inc. 300 South Tryon Street Jill works with C-suite executives as an executive coach and helps lead companies' efforts on talent strategies such as diversity and inclusion, employee engagement, and succession planning. He is the Founder and Chief Investment Officer of Ironsides Partners LLC, a Boston based investment manager specializing in closed-end funds, holding companies, and asset value investing generally. Massive Losses incurred by Nick Leeson, the General Manager and Head Trader of Barings Financial Services (BFS) by reason of unauthorised and concealed trading activities within BFS. from the University of Washington, and an M.B.A. from Wake Forest University. From 2011 until 2019, he served as Executive Director of Catawba Lands Conservancy, a nonprofit land trust. Jill brings over 20 years of senior leadership experience in human resources to the financial services industry where she was Managing Director from 2006 to 2009 and Executive Vice President from 2000 to 2006 at Wachovia Corporation (now Wells Fargo). Mr. Byers served as an Independent Director and Chairman of Sierra Income Corporation, a non-traded business development company (BDC) sponsored by Medley LLC (NYSE:MCC), from 2012 to 2022. We build high-conviction portfolios based on fundamental, bottom-up research and ESG integration, seeking to identify companies with strong growth potential. Additionally, the strategies and funds may not be available to all investor types in all jurisdictions. In this capacity, she previously served as the Chief Financial Officer of Odyssey Media from 2015 to 2021, and as the Chief Administrative and Finance Director of Data Capital Management from 2015 to 2017. Nov 22nd, 2018 Published. She has built a reputation as an executive with a strategic and pragmatic approach to talent management with an eye toward bottom line results. The firm's star trader was illicitly pursuing a strategy akin to Recent scandals such as Enron and WorldCom and earlier ones like Maxwell (Clarke, 1993) and Barings Bank (Hogan, 1997) cast doubt on the effectiveness of the unitary board while failures such as . The Barings Investment Institute explores the forces that shape long-term investment and capital decisions. Our experienced team seeks differentiated sources of return across private equity, real assets and asset-based investments. Citizens Bank of Kansas Board Director Mike Felts, of Winfield, has been named an Amazing Outside Director for 2023 by regional banking magazine BankBeat. He is the Founder and Chief Investment Officer of Ironsides Partners LLC, a Boston based investment manager specializing in closed-end funds, holding companies, and asset value investing generally. This was the genuine . *As of June 30, 2022. He currently serves on the board of McKim and Creed, a North Carolina based professional engineering services firm. Since 2014, Mr. Byers has been engaged periodically as an independent consultant to provide expert reports and opinions in financial and investment related matters. We are deliberate in our direction, partnerships and decision making to achieve long-term, lasting change. All rights are reserved. He currently serves on the board of McKim and Creed, a North Carolina based professional engineering services firm. Mr Borg is currently the CEO and an Executive Director of PG p.l.c which has recently been listed on the Malta Stock Exchange, and holds a number of other non-executive directorship positions in Malta. Robert Knapp brings over 25 years of experience in the financial services industry to the Board. Our funds offer access to specialized strategies across global fixed income. Sierra Income merged with Barings BDC, Inc. in February, 2022, in connection with which Mr. Byers was appointed to the Board of Directors of Barings BDC, Inc. From 2002 to 2012, Mr. Byers also served as Trustee for the College of William and Mary Graduate School of Business. A career at Barings means joining a world-class firm with a collegial culture and rich history in asset management. Barings employees rate the overall compensation and benefits package 3.7/5 stars. Robert is also a director of Okeanis Eco Tankers, Emergent Capital, and the Pacific Alliance Asia Opportunity Fund and its related entities and Pacific Alliance Group Asset Management Ltd., based in Hong Kong. He previously served on the Highwoods Board of Directors and Audit Committee from 2012 through 2014. All rights are reserved. Since 2014, Mr. Byers has been engaged periodically as an independent consultant to provide expert reports and opinions in financial and investment related matters. [1] The chain of events that led to the collapse of the bank could have been mitigated if not entirely avoided had management and/or the board of directors followed recommendations contained . He currently serves as trustee or director of several public companies and non-profit organizations, including as Trustee of Barings Global Short Duration High Yield Fund, a closed-end investment company advised by Barings, Trustee of the Horizon Funds, a mutual fund complex, Trustee of Davidson College, and Director of CrossRoads Corporation for Affordable Housing and Community Development, Inc. Thomas holds a Bachelor of Arts in Economics from Davidson College and a Masters of Management, Finance, Accounting and Marketing from Kellogg School of Management, Northwestern University. Managing Director & Country Head of China. Governance Statement. Before these roles, he served as the Lead Independent Director of MVC Capital, Inc., was an independent, nonexecutive director of Castle Private Equity AG, and was formerly a director of MPC Container Ships. View detailed BBDC description & address. He was Chairman of the Board of the Barings Bank from 1974 to 1989. Nominating and Corporate Governance Committee Charter, Barings is a $349+ billion* global investment manager sourcing differentiated opportunities across public and private fixed income, real estate, and specialist equity markets. Mark currently serves as Senior Vice President and Chief Financial Officer at Highwoods Properties, Inc., a Raleigh, North Carolina based publicly-traded real estate investment trust. Before these roles, he served as the Lead Independent Director of MVC Capital, Inc., was an independent, nonexecutive director of Castle Private Equity AG, and was formerly a director of MPC Container Ships. Prior to joining Dreyfus Corporation, Mr. Byers served in executive positions at PaineWebber Group from 1986 to 1997, and served in such capacities as chairman of the Investment Policy and Risk Oversight Committee, Capital Markets Director of Risk and Credit Management, and was NASD registered as General Principal, Financial and Operations Principal and Branch Principal. Eric has worked in the industry since 1990 and his experience has encompassed leadership positions in investment management, investment banking, leveraged finance and risk management. Ms. Lancaster-Beal was a Senior Vice President of Drexel Burnham Lambert from 1984 to 1988 and as Vice President of Citicorp Investment Bank from 1978 to 1984. Mr. Byers received his M.B.A. in Finance from Roth Graduate School of Business, Long Island University and his B.A. Before that, he served as managing partner of KPMG's Cleveland from 1999 to 2007 and the Louisville and Lexington offices in Kentucky from 1988 to 1995. from the United States Air Force Academy, an M.S. In the non-profit sector, Robert serves as a director of the Massachusetts Eye and Ear Infirmary, and is a Trustee of the Childrens School of Science and the Sea Education Association. John currently serves on the boards of The Mint Museum and the National Association of Corporate Directors, Carolinas Chapter. Find Barings Bank stock photos and editorial news pictures from Getty Images. From 2011 until 2019, he served as Executive Director of Catawba Lands Conservancy, a nonprofit land trust. Mark is a Certified Public Accountant and is a graduate of St. Bonaventure University. The Bank had been founded by his ancestor Francis Baring in 1762. Barings Bank Although due to the failure of other bank, famous, called the "Queen's bank", Baring's story differs from that of Lehman Brothers, a story Additionally, the strategies and funds may not be available to all investor types in all jurisdictions. Eric is Executive Chairman of the Board and Chief Executive Officer of Barings BDC, Inc. The Board of Directors of OP Corporate Bank is responsible for organising and maintaining adequate and effective internal control. In this interview-style podcast, we offer insight into where our global teams are seeing risks and opportunities today. Barings subadvises a series of mutual funds for MassMutual Funds. We use cookies on our website to provide you with the best experience. Visit our Global Site. The average Barings salary ranges from approximately $100,889 per year for an Analyst to $604,854 per year for a Managing Director. Ms. Lancaster-Beal served as an Independent Director and Chair of the Nominating and Governance committee and the Audit committee of Sierra Income Corporation, a non-traded business development company (BDC) sponsored by Medley LLC (NYSE:MCC), from 2021 to 2022. Mark joined Highwoods in September 2014. Location not listed? Our experienced team seeks differentiated sources of return across private equity, real assets and asset-based investments. Our broad capabilities allow us to go beyond traditional fixed income strategies and access investments spanning the quality, yield and liquidity spectrum. FHLBank Pittsburgh's Executive Management and Board of Directors are highly tenured in the financial services industry. By managing risk judiciously, the board tries to maintain a balance between enterprise . Prior to joining the firm in 2008, he was a Vice President with Wachovia Securities Leveraged Finance Group, where he was responsible for sell-side origination of leveraged loans and high yield bonds to support both corporate and private equity issuers. Visit our Global Site. The BARINGS name and logo design are trademarks of Barings and are registered in U.S. Patent and Trademark Office and in other countries around the world. Read, watch and listen to the latest insights from our global investment teams. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. An investigation was launched by the Board of Banking Supervision of the Bank of England on the same day. She has built a reputation as an executive with a strategic and pragmatic approach to talent management with an eye toward bottom line results. She also previously served as a Trustee on the Board of the City University of New York from 2000 to 2014, where she chaired the Faculty, Staff and Administration Committee and served on the Finance Committee. A career at Barings means joining a world-class firm with a collegial culture and rich history in asset management. David serves as Head of U.S. Public Fixed Income at Barings, with primary responsibility for the U.S. High Yield and Investment Grade Investment Groups. Prior to his current role, he served as Head of Barings U.S. High Yield Credit Research Group. Our experienced team seeks differentiated sources of return across private equity, real assets and asset-based investments. Loading . Mark joined Highwoods in September 2014. Prior to this, she formed and led the Leadership Practices Group at Wachovia to create and implement a company-wide talent management process that identified, developed, tracked and promoted high potential leaders throughout their careers. Prior to joining Catawba Lands Conservancy, he served as Global Head of Syndicated Capital Markets at Bank of America Merrill Lynch, where he managed capital markets, sales, trading and research for the United States, Europe, Asia and Latin America from 1989 to 2010.
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