barings bank board of directors

A career at Barings means joining a world-class firm with a collegial culture and rich history in asset management. 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. Before that, he served as an officer in the United States Air Force and worked in the telecommunications industry for seven years. 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. Mike is also Chair of the Barings Board of Directors and a member of the MassMutual Executive Leadership Team. Visit our Global Site. If you have questions or would like more information about our offerings, please get in touch with us. Visit our Global Site. Robert Knapp brings over 25 years of experience in the financial services industry to the Board. 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. Thomas brings over 20 years of experience in the underwriting, structuring, distribution and trading of debt used for corporate acquisitions, leveraged buyouts, recapitalizations and refinancings. 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. You can communicate with our Board of Directors by sending a letter addressed to the Board of Directors, non-management directors or specified individual directors to: . The link below will redirect you to their website for more information. We are committed to sustainable practices and responsible investment. 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. [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 . 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. Mark is a Certified Public Accountant and is a graduate of St. Bonaventure University. Dr. Harris currently serves as Director or Trustee of several registered investment companies and other public and private organizations. 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. 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. 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. Before that, he served as an officer in the United States Air Force and worked in the telecommunications industry for seven years. Find Barings Bank stock photos and editorial news pictures from Getty Images. She is on several non-profit boards and active in the community with a focus on education, the arts, and homeless prevention. 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. In May of this year, Pearl Meyer published the 2021 Banking Board of Directors Compensation and Governance Practices Survey . Copyright 2023 Barings. 2022 Barings PARTICIPATION INVESTORS 2022 Annual Report BARINGS. 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. 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. 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. This mission continues to drive the firm today. 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. With investment professionals based in North America, Europe and . 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. Read our latest news, meet our experts and explore our content. 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. 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. Our experienced team seeks differentiated sources of return across private equity, real assets and asset-based investments. Creating options policies. 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. four of its members are independent directors. Ms. Lancaster-Beal holds a B.A. 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. 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). As Britain prospered, so did the bank and Sir Francis Baring. Many of Leeson's former colleagues lost their jobs. Prior to this, she served as Managing Director at M.R. Setting general company goals. 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. 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. All rights are reserved. John currently serves on the boards of The Mint Museum and the National Association of Corporate Directors, Carolinas Chapter. The board is also tasked with a number of other responsibilities, including the following: Creating dividend policies. Explore our latest press releases and contact our media relations team. From 2011 until 2019, he served as Executive Director of Catawba Lands Conservancy, a nonprofit land trust. in Economics from Georgetown University and an M.B.A. from the Wharton School of Business of the University of Pennsylvania. CREATIVE. 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. "There was a stack of paper, "recalls visiting official Tony Railton, senior clerk for futures and We are deliberate in our direction, partnerships and decision making to achieve long-term, lasting change. During 2019, CAS's profit had fallen 30% and its share price declined. 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. He currently serves on the board of McKim and Creed, a North Carolina based professional engineering services firm. Our funds offer access to specialized strategies across global fixed income. Dr. Harris currently serves as Director or Trustee of several registered investment companies and other public and private organizations. 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. In some jurisdictions this website may contain advertising. Our broad capabilities allow us to go beyond traditional fixed income strategies and access investments spanning the quality, yield and liquidity spectrum. 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. 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. In December 2014, Mr. Byers was recognized by the National Association of Corporate Directors as a Board Leadership Fellow. In 1995, Barings - then the oldest bank in Britain . Location not listed? 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. 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 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. 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. It acts in the social interest of the Bank and ensures its proper function. Jill received a Bachelor of Science from Clemson University and a Masters in Organization Behavior and Development from Fielding University. With investment professionals based in North America, Europe and Asia Pacific, the firm, a subsidiary of MassMutual, aims to serve its . OP Corporate Bank complies with the principles of internal control adopted by the central cooperative's Supervisory Board. 4 Was the Barings board of directors culpable for the losses of Nick Leeson What from FIN 690G at Wichita State University Was the Barings Bank Board of Directors culpable for the losses of Nick Leeson? Additionally, Ms. Lancaster-Beal served on the Board of Regents of Georgetown University from 2006 to 2010. In this interview-style podcast, we offer insight into where our global teams are seeing risks and opportunities today. The challenge for boards is to prevent crises in the organisations they govern. 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. At Barings, we strive to act responsibly today in order to help deliver a more sustainable tomorrow. The board of directors not only helps lay out the bank's goals, but acts as a watchdog as well. Read our latest news, meet our experts and explore our content. We build high-conviction portfolios based on fundamental, bottom-up research and ESG integration, seeking to identify companies with strong growth potential. 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. Prior to his current role, he served as Head of Barings U.S. High Yield Credit Research Group. The Committee is composed of five directors: Jean-Bernard Lvy, Jrme Contamine, France Houssaye, Grard Mestrallet and Juan-Maria Nin Genova. 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. 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. Beal & Company, which she co-founded in April 1988, until 2014. 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. Create new Board. 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. 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. 1. Our funds offer access to specialized strategies across global fixed income. Our team secures access to investments across the risk spectrum and around the globe, applying an active management approach designed to maximize each asset's potential. in Finance from the University of Virginia, McIntire School of Commerce. "Building a sustainable world for future generations requires constant evolution and long-term collaboration to drive lasting positive . "Sir Francis eventually became a director and chairman of the East India Company, was elected to Parliament, 17. Learn More About FHLBank Pittsburgh Corporate Governance. The Barings Investment Institute explores the forces that shape long-term investment and capital decisions. Ms. Lancaster-Beal holds a B.A. Throughout history, Barings has been a leader in providing global, innovative, diversified solutions to clients. David has worked in the financial services industry since 2004. 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. By the later decades of the 20th century, its culture . 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. Barings Insurance Solutions group develops customized solutions leveraging the firms experience and capabilities across public and private asset classes. 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. Dr. Harris brings substantial executive, board and operations experience to Barings. In this interview-style podcast, we offer insight into where our global teams are seeing risks and opportunities today. 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. Prior to these positions, he served as a Clinical Scientist, Flight Surgeon and Astronaut for NASA. Sound Corporate Governance Policies (365 kb)* and practices are important to add shareholder value and maintain the confidence of depositors and investors alike. Investor Contact Information. 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. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. Governance Statement. "There was a stack of paper, "recalls visiting official Tony Railton, senior clerk for . Barings BDC, Inc. 300 South Tryon Street 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. GA30503 Financial Risks Management Sem 1 2020/2021 Assignment 2 (15%) Case study: The collapse of Barings Bank - What can we learn from this derivatives mishap It was a startling discovery. in Economics from Georgetown University and an M.B.A. from the Wharton School of Business of the University of Pennsylvania. By March 2 1995, Barings had lost over $1 billion and shortly after the UK's second oldest bank at the . It deals with the guidelines governing OP Financial Group's internal control, ensures that . 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. Barings is a $349+ billion* global investment manager sourcing differentiated opportunities across public and private fixed income, real estate, and specialist equity markets. Ironsides and related entities serve as the manager and general partner to various funds and managed accounts for institutional clients. 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 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. in Economics from Georgetown University and an M.B.A. from the Wharton School of Business of the University of Pennsylvania. 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. Leeson was arrested in Germany and, after a failed bailout attempt, Barings went . 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. Ms. Lancaster-Beal holds a B.A. Additionally, Robert serves as a member of the Board of Managers of Veracity Worldwide LLC. 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. Visit our Global Site. John Houblon (1694-1699, 1700-1712) (First Governor 1694-1697) The bank collapsed in 1995 after suffering losses of 827 million (1.7 billion in 2021 . An investigation was launched by the Board of Banking Supervision of the Bank of England on the same day. 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. Our experienced team seeks differentiated sources of return across private equity, real assets and asset-based investments. The staff at Baring Futures Singapore pried open a drawer always kept locked by Nicholas Leeson in February. 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. The link below will redirect you to their website for more information. John currently serves on the boards of The Mint Museum and the National Association of Corporate Directors, Carolinas Chapter. leadership details. 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). Read or watch our latest perspectives on ESG and sustainability. John currently serves on the boards of The Mint Museum and the National Association of Corporate Directors, Carolinas Chapter. By selecting Continue, you will leave U.S. Bank and enter a third-party Web site. It was neither of these things. 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. 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. Our broad capabilities allow us to go beyond traditional fixed income strategies and access investments spanning the quality, yield and liquidity spectrum. 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.