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 currently serves on the board of McKim and Creed, a North Carolina based professional engineering services firm. *As of December 31, 2022. U.S. Bank is not responsible for the content of, or products and services provided by Intuit . Location not listed? Eric also works closely with all the investment teams at Barings LLC. John Houblon (1694-1699, 1700-1712) (First Governor 1694-1697) At Barings, we strive to act responsibly today in order to help deliver a more sustainable tomorrow. The Committee is composed of five directors: Jean-Bernard Lvy, Jrme Contamine, France Houssaye, Grard Mestrallet and Juan-Maria Nin Genova. Barings subadvises a series of mutual funds for MassMutual Funds. Robert Knapp brings over 25 years of experience in the financial services industry to the Board. This material should not be construed as a recommendation, and Barings is not soliciting any action based upon such information. David holds a B.S. Mark is a Certified Public Accountant and is a graduate of St. Bonaventure University. Ms. Lancaster-Beal holds a B.A. 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. The challenge for boards is to prevent crises in the organisations they govern. This mission continues to drive the firm today. 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. If you have questions or would like more information about our offerings, please get in touch with us. It deals with the guidelines governing OP Financial Group's internal control, ensures that . Our broad capabilities allow us to go beyond traditional fixed income strategies and access investments spanning the quality, yield and liquidity spectrum. He also spent eight years at Price Waterhouse. Dr. Harris currently serves as Director or Trustee of several registered investment companies and other public and private organizations. 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. Barings subadvises a series of mutual funds for MassMutual Funds. Mark Mulhern. *As of June 30, 2022. 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. David has worked in the financial services industry since 2004. in Finance from the University of Virginia, McIntire School of Commerce. Our funds offer access to specialized strategies across global fixed income. This paper was laid before Parliament in . Barings Insurance Solutions group develops customized solutions leveraging the firms experience and capabilities across public and private asset classes. 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: . 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. The staff at Baring Futures Singapore pried open a drawer always kept locked by Nicholas Leeson in February. Question: Financial risk management Case study: The collapse of Barings Bank - What can we learn from this derivatives mishap It was a startling discovery. The wave of bank and savings and loan failures in the 1980s and early 1990s, and the resulting losses to deposit insurance funds, served to highlight the need for banks to hold sufficient capital . 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. 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. The collapse of Barings Bank in February 1995 was caused by colossal losses incurred by a single rogue trader. 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. Nick Leeson, the bank's then 28-year-old head of derivatives in . from the University of Washington, and an M.B.A. from Wake Forest University. 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. . The link below will redirect you to their website for more information. Throughout history, Barings has been a leader in providing global, innovative, diversified solutions to clients. He completed his residency in Internal Medicine at the Mayo Clinic, completed a National Research Council Fellowship in Endocrinology at the NASA Ames Research Center, and trained as a Flight Surgeon at the Aerospace School of Medicine, Brooks Air Force Base. 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. FHLBank Pittsburgh's Executive Management and Board of Directors are highly tenured in the financial services industry. In December 2014, Mr. Byers was recognized by the National Association of Corporate Directors as a Board Leadership Fellow. 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. Location not listed? { board.total_asset_count }} View all Boards View all Sets CREATE BOARD. The board is also tasked with a number of other responsibilities, including the following: Creating dividend policies. 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. Our global presence and longstanding expertise allows us to evaluate and capture the yield potential of illiquid and less liquid credit-based investments. This material should not be construed as a recommendation, and Barings is not soliciting any action based upon such information. 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. . "There was a stack of paper, "recalls visiting official Tony Railton, senior clerk for futures and in 2019) resulting from fraudulent investments, primarily in futures contracts. The staff at Baring Futures Singapore pried open a drawer always kept locked by Nicholas Leeson in February. 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. Our broad capabilities allow us to go beyond traditional fixed income strategies and access investments spanning the quality, yield and liquidity spectrum. Barings Bank. Barings' team-based culture seeks to deliver long-term financial security and builds a sustainable future in service to our clients, colleagues and communities. 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. 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. Copyright 2023 Barings. He previously served on the Highwoods Board of Directors and Audit Committee from 2012 through 2014. 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. 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. Ms. Lancaster-Beal is a financial professional with extensive management and board level experience in corporate governance, credit and financial analysis. 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. 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. Barings Bank was initially used to finance the family's wool trading business, but then expanded to include shipping and all aspects of international trade. 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. in Economics from Georgetown University and an M.B.A. from the Wharton School of Business of the University of Pennsylvania. 2231 Words. 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. Dr. Harris brings substantial executive, board and operations experience to Barings. He holds a B.S. From 2011 until 2019, he served as Executive Director of Catawba Lands Conservancy, a nonprofit land trust. He was a director of Pye Holdings from 1967 to 1979. Michael is the CEO and chairman of CAS. Through its insightful recommendations, the Board helps us constantly refine and improve our curriculum and programming. This was the genuine . She has built a reputation as an executive with a strategic and pragmatic approach to talent management with an eye toward bottom line results. We build high-conviction portfolios based on fundamental, bottom-up research and ESG integration, seeking to identify companies with strong growth potential. 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. 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. The bank collapsed in 1995 after suffering losses of 827 million (1.7 billion in 2021 . In some jurisdictions this website may contain advertising. Prior to PaineWebber, Mr. Byers was an executive at Citibank/Citicorp from 1979 to 1986. Maintaining company resources. If you have questions or would like more information about our offerings, please get in touch with us. 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. 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. Read, watch and listen to the latest insights from our global investment teams. 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. In some jurisdictions this website may contain advertising. From 2011 until 2019, he served as Executive Director of Catawba Lands Conservancy, a nonprofit land trust. 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 . 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 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. 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.
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