barings bank board of directors

Key Points. . Barings BDC, Inc. stockholders and other interested parties may communicate with any member of our Board (including the chairman), the chairman of any of our Board committees, or with our non-management directors as a group by sending communications to Barings BDC, Inc., 300 South Tryon St., Suite 2500, Charlotte, North Carolina 28202, or via e-mail to BDCinvestorrelations@barings.com, or by calling the Barings BDC, Inc.s investor relations department at 1-888-401-1088. Eric also works closely with all the investment teams at Barings LLC. This is an incomplete list of Bank of England directors from the bank's foundation in 1694: . If you have questions or would like more information about our offerings, please get in touch with us. This mission continues to drive the firm today. 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. 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. Prior to joining Highwoods, Mark served as Executive Vice President and Chief Financial Officer of Exco Resources, Inc. Before that, he served as Senior Vice President and Chief Financial Officer of Progress Energy, Inc. from 2008 until its merger with Duke Energy Corporation in 2012. 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. 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. All rights are reserved. 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. 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. He left a $1.4 billion hole in Barings' balance sheet due to his unauthorized derivatives speculation, causing the 233-year-old bank's demise. "There was a stack of paper, "recalls visiting official Tony Railton, senior clerk for futures and Barings Insurance Solutions group develops customized solutions leveraging the firms experience and capabilities across public and private asset classes. This material should not be construed as a recommendation, and Barings is not soliciting any action based upon such information. David has worked in the financial services industry since 2004. The phrase "board of directors" often is used interchangeably with terms such as " board of trustees ," "board of governors," or simply "the board.". 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. Chairman and CEO, Barings LLC Mike Freno is Chairman and CEO of Barings LLC, a $391+ billion global financial services firm with offices across the U.S., Europe, Australia and Asia. Was the Barings Bank Board of Directors culpable for the losses of Nick Leeson? PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. The opinions and other information contained herein, whether express or implied are made in good faith in relation to the facts known at the time of preparation and are subject to change without notice. It acts in the social interest of the Bank and ensures its proper function. 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. Barings subadvises a series of mutual funds for MassMutual Funds. So, Barings Bank was declared insolvent on February 26, 1995, and was bought by Dutch bank ING for the symbolic sum of 1 pound. 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. The 200-year-old Barings Bank was brought to its knees in 1995 in one month, when the rouge trader, Nicholas W. Leeson, gambled $29 billion speculating on the price of Japanese stocks and bonds using derivatives. 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. in Finance from the University of Virginia, McIntire School of Commerce. Explore our latest press releases and contact our media relations team. Managing Director & Country Head of China. The bank collapsed in 1995 after suffering losses of 827 million (1.7 billion in 2021 . 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). All such communications should indicate clearly the director or directors to whom the communication is being sent so that each communication, other than unsolicited commercial solicitations, may be forwarded directly to the appropriate director(s). Beal & Company, which she co-founded in April 1988, until 2014. From 2011 until 2019, he served as Executive Director of Catawba Lands Conservancy, a nonprofit land trust. Ms. Lancaster-Beal holds a B.A. 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. Position. The Barings Investment Institute explores the forces that shape long-term investment and capital decisions. 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. 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. The link below will redirect you to their website for more information. Robert Knapp brings over 25 years of experience in the financial services industry to the Board. By the later decades of the 20th century, its culture . Baring Bank was founded in 1762 by Francis Baring, a . Prior to this, she served as Managing Director at M.R. Dr. Harris currently serves as Director or Trustee of several registered investment companies and other public and private organizations. With the wise guidance of today's business leaders, the Belk College remains at . 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. This material should not be construed as a recommendation, and Barings is not soliciting any action based upon such information. The Bank . Maintaining company resources. Barings BDC, Inc. 300 South Tryon Street 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. Barings subadvises a series of mutual funds for MassMutual Funds. Our broad capabilities allow us to go beyond traditional fixed income strategies and access investments spanning the quality, yield and liquidity spectrum. Mr. Byers is a senior executive with over 30 years of leadership experience in finance, operations and control, investment management and capital markets with leading national firms in asset management, banking and brokerage. in 2019) resulting from fraudulent investments, primarily in futures contracts. With investment professionals based in North America, Europe and . 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. Our broad capabilities allow us to go beyond traditional fixed income strategies and access investments spanning the quality, yield and liquidity spectrum. Prior to joining Highwoods, Mark served as Executive Vice President and Chief Financial Officer of Exco Resources, Inc. Before that, he served as Senior Vice President and Chief Financial Officer of Progress Energy, Inc. from 2008 until its merger with Duke Energy Corporation in 2012. Location not listed? 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. OP Corporate Bank complies with the principles of internal control adopted by the central cooperative's Supervisory Board. With over 300 global investment professionals positioned in local markets, and a flexible capital base, we can provide solutions across a range of private asset classes. 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. 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. Mike is also Chair of the Barings Board of Directors and a member of the MassMutual Executive Leadership Team. A career at Barings means joining a world-class firm with a collegial culture and rich history in asset management. Ms. Lancaster-Beal holds a B.A. View detailed BBDC description & address. At Barings, we strive to act responsibly today in order to help deliver a more sustainable tomorrow. Jill is a Founding Partner of Spivey & Olmstead, LLC, a talent and leadership consulting firm with expertise in the fields of executive development and talent management founded in June 2010. Michael is the CEO and chairman of CAS. He holds a B.S. In some jurisdictions this website may contain advertising. We build high-conviction portfolios based on fundamental, bottom-up research and ESG integration, seeking to identify companies with strong growth potential. Barings is a $349+ billion* global investment manager sourcing differentiated opportunities across public and private fixed income, real estate, and specialist equity markets. 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. One of its main duties in this capacity is to limit the bank's exposure to excessive risk of all kinds, including legal, reputational and financial. Visit our Global Site. With over 300 global investment professionals positioned in local markets, and a flexible capital base, we can provide solutions across a range of private asset classes. four of its members are independent directors. With investment professionals based in North America, Europe and Asia Pacific, the firm, a subsidiary of MassMutual, aims to serve its . This paper was laid before Parliament in . 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. Eric is an Executive Sponsor of both the Veterans and the Out & Allies Employee Resource Groups. The collapse of Baring Bank. in Economics from Long Island University. This followed the discovery of massive trading losses incurred by Barings Futures Singapore (BFS), an . The Belk College of Business Board of Advisors is a group of accomplished business and civic leaders who work closely with the Belk College to ensure our relevance to the business community. The company's board of director consists of 9 directors; 6 independent directors and 3 executive directors. Select from premium Barings Bank of the highest quality. Barings' team-based culture seeks to deliver long-term financial security and builds a sustainable future in service to our clients, colleagues and communities. Prior to PaineWebber, Mr. Byers was an executive at Citibank/Citicorp from 1979 to 1986. 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. Location not listed? This material should not be construed as a recommendation, and Barings is not soliciting any action based upon such information. . Prior to PaineWebber, Mr. Byers was an executive at Citibank/Citicorp from 1979 to 1986. The staff at Baring Futures Singapore pried open a drawer always kept locked by Nicholas Leeson in February. John currently serves on the boards of The Mint Museum and the National Association of Corporate Directors, Carolinas Chapter. 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. He previously served on the Highwoods Board of Directors and Audit Committee from 2012 through 2014. Best Essays. Ms. Lancaster-Beal is a financial professional with extensive management and board level experience in corporate governance, credit and financial analysis. He is also Chairman of the U.S. High Yield Investment Committee, a member of the Global High Yield Allocation Committee and a portfolio manager on various high yield strategies. He also spent eight years at Price Waterhouse. in Economics from Long Island University. The Barings Investment Institute explores the forces that shape long-term investment and capital decisions. He is a principal and director of Africa Opportunity Partners Limited, a Cayman Islands company that serves as the investment manager to Africa Opportunity Fund Limited. He currently serves on the board of McKim and Creed, a North Carolina based professional engineering services firm. in Economics from Georgetown University and an M.B.A. from the Wharton School of Business of the University of Pennsylvania. 1. He is also Chairman of the U.S. High Yield Investment Committee, a member of the Global High Yield Allocation Committee and a portfolio manager on various high yield strategies. By managing risk judiciously, the board tries to maintain a balance between enterprise . An investigation was launched by the Board of Banking Supervision of the Bank of England on the same day. Robert Knapp brings over 25 years of experience in the financial services industry to the Board. We are deliberate in our direction, partnerships and decision making to achieve long-term, lasting change. 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. 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. Mr. Byers received his M.B.A. in Finance from Roth Graduate School of Business, Long Island University and his B.A. The Barings Investment Institute explores the forces that shape long-term investment and capital decisions. The challenge for boards is to prevent crises in the organisations they govern. 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. The Barings Investment Institute explores the forces that shape long-term investment and capital decisions. 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. Essay Sample. Read, watch and listen to the latest insights from our global investment teams. 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. 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. Chief Human Resources & Communications Officer, Head of Europe & Asia Pacific Real Estate, Learn More about Barings Insurance Solutions. Barings Bank, founded in 1762, was one of the world's oldest merchant banks, renowned for having facilitated the Louisiana Purchase.The bank declared bankruptcy in 1995 after losing 827 million (approximately $1.3 billion) due to unauthorized trading activities from one of its employees, Nick Leeson. Former senior directors of Barings, the bank which collapsed in 1995, face being banned from acting as company directors for up to 15 years as a result of action being taken by the Department of . 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 . He currently serves on the board of McKim and Creed, a North Carolina based professional engineering services firm. In this interview-style podcast, we offer insight into where our global teams are seeing risks and opportunities today. Read, watch and listen to the latest insights from our global investment teams. Historical context-"Corporate Portrait: The Economic Might of Barings Bank" Ms. Lancaster-Beal is a financial professional with extensive management and board level experience in corporate governance, credit and financial analysis. 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 . Company. Mark joined Highwoods in September 2014. He earned a Bachelor of Science in Biology from the University of Houston, a Master of Medical Science from the University of Texas Medical Branch at Galveston, a Master of Business Administration from the University of Houston, and a Doctorate of Medicine from Texas Tech University School of Medicine. Board of Directors Definition. 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. [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 . Through its insightful recommendations, the Board helps us constantly refine and improve our curriculum and programming. 2231 Words. This was the genuine . Eric also works closely with all the investment teams at Barings LLC. Mr. Byers is a senior executive with over 30 years of leadership experience in finance, operations and control, investment management and capital markets with leading national firms in asset management, banking and brokerage. From 2000 to 2006, Mr. Byers served as an investment executive with Dreyfus Corporation and served as Vice Chairman, Executive Vice President, Chief Investment Officer, member of the Board of Directors and Executive Committee, and fund officer of 90 investment companies, responsible for investment performance of approximately $200 billion in assets under management. 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. 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. Sound Corporate Governance Policies (365 kb)* and practices are important to add shareholder value and maintain the confidence of depositors and investors alike. 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.

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