New Barings Launches Today
(Thomson Reuters ONE) -
Combination of MassMutual affiliates creates a $275B+ global asset manager with
distinctive expertise across traditional and alternative asset classes
CHARLOTTE, N.C., Sept. 12, 2016 (GLOBE NEWSWIRE) -- Babson Capital Management
announced today that it has successfully completed the integration of four
Massachusetts Mutual Life Insurance Company (MassMutual) institutional
affiliates (previously announced on March 9). Babson Capital Management LLC, its
subsidiaries Cornerstone Real Estate Advisers LLC and Wood Creek Capital
Management, LLC, and Baring Asset Management Limited are now operating as a
unified company under the Barings name.
The Barings brand and logo have been refreshed, reflecting a modern and forward-
looking asset management firm committed to meeting the evolving investment and
capital needs of its clients.
"This merger marks an exciting moment in our history, and it enhances our
ability to provide comprehensive, innovative solutions to help our clients meet
their investment objectives," commented Tom Finke, Chairman and Chief Executive
Officer of Barings. "The new Barings possesses expanded depth and breadth of
expertise across the global fixed income, equity, real estate and alternative
asset markets. In addition, our integrated global footprint gives us a broader
perspective, access to a more-diverse set of opportunities and strengthens our
ability to invest across global markets."
With this integration, Barings becomes one of the world's largest and most
diversified asset management organizations that has:
* More than $275 billion in client assets under management
* Over 1,700 employees in 41 offices across 17 countries
* Over 600 investment professionals globally across a broad range of asset
classes
Within the newly created organization, each investment area will have dedicated
leadership:
* Russ Morrison will serve as the firm's President and lead global fixed
income, equity and multi-asset strategies;
* Scott Brown will lead global real estate; and
* Anthony Sciacca will lead global alternative investments and private equity.
Roger Crandall, Chairman, President and CEO, MassMutual, commented: "We are
extremely pleased to reach this important milestone, bringing together our
world-class, institutional asset management affiliates into a unified global
asset manager and broadening our offerings and commitment to clients around the
world. Importantly, the launch of the 'new' Barings builds on the distinctive
legacies of these four firms, represents an important strategic step forward
that further differentiates us in the marketplace and positions our asset
management operations to continue to succeed and lead in the years ahead."
About Barings, LLC
Barings is a $275 billion* global asset management firm dedicated to meeting the
evolving investment and capital needs of our clients. We build lasting
partnerships that leverage our distinctive expertise across traditional and
alternative asset classes to deliver innovative solutions and exceptional
service. A member of the MassMutual Financial Group, Barings maintains a strong
global presence with over 1,700 employees and 600 investment professionals
across 41 offices in 17 countries. Learn more, at www.barings.com.
*As of June 30, 2016.
Media Contacts:
Barings:
* Brian Whelan, Head of Corporate Communications.
1-980-417-7700, brian.whelan(at)barings.com
MassMutual:
* Jim Lacey, VP Corporate Communications,
1-413-744-2365, jlacey(at)massmutual.com
FTI Consulting:
US: Raina Gajjar, FTI Consulting, 1-212-850-5724, raina.gajjar(at)fticonsulting.com
UK: James Cheston, FTI Consulting, +44 (0)
203 727 1620, james.cheston(at)fticonsulting.com
Asia: RLM Finsbury: Asia: Karen Yu, RLM Finsbury,
+852 3166 9866, karen.yu(at)finsbury.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Barings via GlobeNewswire
Datum: 12.09.2016 - 06:01 Uhr
Sprache: Deutsch
News-ID 494012
Anzahl Zeichen: 4708
contact information:
Town:
Charlotte
Kategorie:
Business News
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"New Barings Launches Today"
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