Barings subadvises a series of mutual funds for MassMutual Funds. The board of directors of Barings BDC has named Eric Lloyd as executive chairman of the board and promoted three of its longstanding senior executive officers. 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. Board Committees :: Barings BDC, Inc. (BBDC) The Nomination and Corporate Governance Committee identifies and recommends to the Board of . With offices on four continents, we have the global perspective and local presence to uncover and provide access to a superior range of investment opportunities. Barings is a $349+ billion* global investment manager sourcing differentiated opportunities across public and private fixed income, real estate, and specialist equity markets. Mr. Byers received his M.B.A. in Finance from Roth Graduate School of Business, Long Island University and his B.A. We are committed to sustainable practices and responsible investment. Ms. Lancaster-Beal is a financial professional with extensive management and board level experience in corporate governance, credit and financial analysis. Additionally, the strategies and funds may not be available to all investor types in all jurisdictions. Before the acquisition of Wachovia, Eric worked in Wachovia's Global Markets Investment Banking division and served on the division's Operating Committee where he had various leadership positions, including Head of Wachovia's Global Leveraged Finance Group. We are deliberate in our direction, partnerships and decision making to achieve long-term, lasting change. The bank's board of directors - 01.03.2023 All rights are reserved. We build high-conviction portfolios based on fundamental, bottom-up research and ESG integration, seeking to identify companies with strong growth potential. On 26 February 1995, administrators were appointed to manage the affairs of the Barings Group parent company and a number of other companies within the Barings Group. The Barings Investment Institute explores the forces that shape long-term investment and capital decisions. 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. Throughout history, Barings has been a leader in providing global, innovative, diversified solutions to clients. Sierra Income merged with Barings BDC, Inc. in February, 2022, in connection with which Ms. Lancaster-Beal was appointed to the Board of Directors of Barings BDC, Inc. Ms. Lancaster-Beal currently serves on the Board of Directors of KIPP NYC, a network of free, public charter schools. In this capacity, she was both the Head of Human Resources for the Corporate and Investment Bank and the Head of Human Resources for the International Businesses, responsible for HR services. From 2011 until 2019, he served as Executive Director of Catawba Lands Conservancy, a nonprofit land trust. Savills | Board of Directors The link below will redirect you to their website for more information. 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 . This material should not be construed as a recommendation, and Barings is not soliciting any action based upon such information. Since 2014, Mr. Byers has been engaged periodically as an independent consultant to provide expert reports and opinions in financial and investment related matters. in Economics from Georgetown University and an M.B.A. from the Wharton School of Business of the University of Pennsylvania. He also acted as managing director for over ten years with Millennium Partners. Corporate Governance scandals: Was Oversight Really Absent? Our paper provides a practical introduction to board and director evaluations. In addition, he is on the Boards the National Academy of Science, Engineering and Medicine - Board on Health Policy, the Texas Medical Center, National Math and Science Initiative, and the Harris Institute & Foundation. He currently serves as Chief Executive Officer and Director of the National Math and Science Initiative, a non-profit organization focused on increasing student opportunities and achievement and teaching effectiveness in STEM education. Copyright 2023 Barings. Who We Are - Barings LLC The link below will redirect you to their website for more information. 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. 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. He is also an independent board director of Heliconia Capital Management, an investment firm owned by Temasek focused on growth oriented Singapore companies, and is Chairman of the Singapore Government's Health Promotion Board. Barings | Executive Biographies Select from premium Barings Bank of the highest quality. The story of Barings Bank Same reserve for all business lines Loss of control over operations Bankrupt in 1995 Banks Trader in Singapore Lost $1.4 Billion in derivatives Imprisoned for 6.5 years ING, a Dutch bank bought Barings bank for 1 Formed subsidiary: ING Barings. Ms. Lancaster-Beal holds a B.A. Mark joined Highwoods in September 2014. Prior to these positions, starting in 2007 John served as managing partner in KPMG's Charlotte office and became the Chair of the Charlotte office in 2009 until retirement in 2016, where he was the market leader for KPMG's Carolinas, Florida, and San Juan offices. Androscoggin Bank Welcomes Two New Members to Board of Directors Managing Director & Country Head of China. The Barings Investment Institute explores the forces that shape long-term investment and capital decisions. Visit our Global Site. Board of Directors - Scotiabank four of its members are independent directors. In this interview-style podcast, we offer insight into where our global teams are seeing risks and opportunities today. Visit our Global Site. If you have questions or would like more information about our offerings, please get in touch with us. Dr. Harris is the recipient of numerous awards, including nine (9) honorary doctorates, NASA Space Flight Medal, NASA Award of Merit, a fellow of the American College of Physicians, and was the recipient of the 2000 Horatio Alger Award. Executive Chairman of the Board and Chief Executive Officer. John currently serves on the boards of The Mint Museum and the National Association of Corporate Directors, Carolinas Chapter. In this interview-style podcast, we offer insight into where our global teams are seeing risks and opportunities today. Barings Insurance Solutions group develops customized solutions leveraging the firms experience and capabilities across public and private asset classes. Open Document. 3. This material should not be construed as a recommendation, and Barings is not soliciting any action based upon such information. In the end, his losses accounted for 827 million (or $1.4 billion), twice Barings's available trading capital. Additionally, Robert serves as a member of the Board of Managers of Veracity Worldwide LLC. Prior to joining Barings in 2013, Eric 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 of Wells Fargo Securities. All rights are reserved. Our funds offer access to specialized strategies across global fixed income. 2020 hindsight: what can supervisors learn from the collapse of Barings She has built a reputation as an executive with a strategic and pragmatic approach to talent management with an eye toward bottom line results. Explore our latest press releases and contact our media relations team. Felts recognized for his role as bank board director | News In 2021, Androscoggin Bank became a Certified B Corporation , joining only nine other banks nationally to meet the highest standards of verified social and environmental performance, public transparency and legal accountability. He joined Progress Energy in 1996 as Vice President and Controller and served in a number of roles, including Vice President of Strategic Planning, Senior Vice President of Finance and President of Progress Ventures. The Role of Corporate Governance Failure in the Banking Sector With offices on four continents, we have the global perspective and local presence to uncover and provide access to a superior range of investment opportunities. Mike is also Chair of the Barings Board of Directors and a member of the MassMutual Executive Leadership Team. Learn More About FHLBank Pittsburgh Corporate Governance. Barings is a $349+ billion* global investment manager sourcing differentiated opportunities across public and private fixed income, real estate, and specialist equity markets. Barings Bank, a British merchant bank, was on the verge of collapse in 1995 after reportedly having incurred losses of 827 million (1.6 billion eqv. FHLBank Pittsburgh's Executive Management and Board of Directors are highly tenured in the financial services industry. We are committed to sustainable practices and responsible investment. in Economics from Long Island University. 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. The Board of Directors was composed of a number of people who have displayed poor moral character and are willing to conduct fraudulent activity. Bank Board of Directors Pay, Policies, and Practices 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 . Ben Dubow This year marks 25 years since the failure of Barings Bank. Solved Financial risk management Case study: The collapse of | Chegg.com Sound Corporate Governance Policies (365 kb)* and practices are important to add shareholder value and maintain the confidence of depositors and investors alike. He also spent eight years at Price Waterhouse. John currently serves on the boards of The Mint Museum and the National Association of Corporate Directors, Carolinas Chapter. Read, watch and listen to the latest insights from our global investment teams. This case study consists of the "Report of the Board of Banking Supervision Inquiry into the Circumstances of the Collapse of Barings, 18 July 1995." Events. 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. 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. Visit our Global Site. Location not listed? View detailed BBDC description & address. The staff at Baring Futures Singapore pried open a drawer always kept locked by Nicholas Leeson in February. Our broad capabilities allow us to go beyond traditional fixed income strategies and access investments spanning the quality, yield and liquidity spectrum. Barings is a $347+ billion* global investment manager sourcing differentiated opportunities and building long-term portfolios across public and private fixed income, real estate, and specialist equity markets. A career at Barings means joining a world-class firm with a collegial culture and rich history in asset management.