Position. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. 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. A Board's mandate is to establish policies for corporate management and . The Bank . Investor Contact Information. *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. All rights are reserved. 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. Recent scandals such as Enron and WorldCom and earlier ones like Maxwell (Clarke, 1993) and Barings Bank (Hogan, 1997) cast doubt on the effectiveness of the unitary board while failures such as . 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. Prior to PaineWebber, Mr. Byers was an executive at Citibank/Citicorp from 1979 to 1986. 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. in Finance from the University of Virginia, McIntire School of Commerce. 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. Loading . Barings Insurance Solutions group develops customized solutions leveraging the firms experience and capabilities across public and private asset classes. Read or watch our latest perspectives on ESG and sustainability. Our funds offer access to specialized strategies across global fixed income. 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. 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. 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. The collapse of Baring Bank. 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. The Amazing Outside Directors Award recognizes people who invest in the success of their local community banks by contributing skills, insights and analysis to bank governance, all while . 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. Nominating and Corporate Governance Committee Charter, Barings is a $349+ billion* global investment manager sourcing differentiated opportunities across public and private fixed income, real estate, and specialist equity markets. Location not listed? Prior to this, she served as Managing Director at M.R. 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. 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 . Setting general company goals. Mark joined Highwoods in September 2014. Managing Risk. 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. This mission continues to drive the firm today. As a global and publicly traded financial institution, Scotiabank recognizes the need to adhere to best practices in Canadian and international corporate governance. The Board of Directors was composed of a number of people who have displayed poor moral character and are willing to conduct fraudulent activity. We are committed to sustainable practices and responsible investment. Michael is the CEO and chairman of CAS. 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. 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. 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. 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. She is on several non-profit boards and active in the community with a focus on education, the arts, and homeless prevention. Barings is a $349+ billion* global investment manager sourcing differentiated opportunities across public and private fixed income, real estate, and specialist equity markets. 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. 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. In some jurisdictions this website may contain advertising. With the wise guidance of today's business leaders, the Belk College remains at . Eric also works closely with all the investment teams at Barings LLC. The Barings Investment Institute explores the forces that shape long-term investment and capital decisions. 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. 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. 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. If you have questions or would like more information about our offerings, please get in touch with us. CREATIVE. In some jurisdictions this website may contain advertising. Barings's investors also lost out. Before that, he served as an officer in the United States Air Force and worked in the telecommunications industry for seven years. 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 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. Mr. Byers received his M.B.A. in Finance from Roth Graduate School of Business, Long Island University and his B.A. Managing Director & Country Head of China. The link below will redirect you to their website for more information. in Economics from Georgetown University and an M.B.A. from the Wharton School of Business of the University of Pennsylvania. Our global presence and longstanding expertise allows us to evaluate and capture the yield potential of illiquid and less liquid credit-based investments. 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. 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. Open Document. John Houblon (1694-1699, 1700-1712) (First Governor 1694-1697) Executive Chairman of the Board and Chief Executive Officer. 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. Read our latest news, meet our experts and explore our content. 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. 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. Company. 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). A career at Barings means joining a world-class firm with a collegial culture and rich history in asset management. 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. Barings' team-based culture seeks to deliver long-term financial security and builds a sustainable future in service to our clients, colleagues and communities. Performance evaluation is a key means by which boards can recognise and correct corporate governance problems and add real value to their organisations. 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. Prior to these positions, he served as a Clinical Scientist, Flight Surgeon and Astronaut for NASA. 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: . Mark is a Certified Public Accountant and is a graduate of St. Bonaventure University. Additionally, Robert serves as a member of the Board of Managers of Veracity Worldwide LLC. 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. Eric is Executive Chairman of the Board and Chief Executive Officer of Barings BDC, Inc. 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. 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. 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. David holds a B.S. A career at Barings means joining a world-class firm with a collegial culture and rich history in asset management. He also spent eight years at Price Waterhouse. 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. 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. The bank collapsed in 1995 after suffering losses of 827 million (1.7 billion in 2021 . 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. We are deliberate in our direction, partnerships and decision making to achieve long-term, lasting change. 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. Previously, Mr. Carter was an investment banking analyst in the Healthcare Group at Chemical Bank and a research assistant in the mergers and acquisitions group of Morgan . 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. 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. This material should not be construed as a recommendation, and Barings is not soliciting any action based upon such information. Its missions are to approve strategic guidelines, monitor and ensure their implementation in line with Societe Generale's values, and comply with the highest international standards of governance, ethics and risk management. 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. 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. He previously served on the Highwoods Board of Directors and Audit Committee from 2012 through 2014. By selecting Continue, you will leave U.S. Bank and enter a third-party Web site. from the University of Washington, and an M.B.A. from Wake Forest University. Topics: Barings Bank, Nick Leeson, Board of directors, Derivative. 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. Copyright 2023 Barings. 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. Visit our Global Site. Copyright 2023 Barings. Copyright 2023 Barings. Learn More About FHLBank Pittsburgh Corporate Governance. Prior to this, she served as Managing Director at M.R. He currently serves on the board of McKim and Creed, a North Carolina based professional engineering services firm. This mission continues to drive the firm today. We build high-conviction portfolios based on fundamental, bottom-up research and ESG integration, seeking to identify companies with strong growth potential. He previously served on the Highwoods Board of Directors and Audit Committee from 2012 through 2014. . Many of Leeson's former colleagues lost their jobs. Location not listed? Barings subadvises a series of mutual funds for MassMutual Funds. Location not listed? The Board of Directors collectively represents all shareholders. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. 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. 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. If you have questions or would like more information about our offerings, please get in touch with us. Jonathan ("Jon") Bock has been promoted to CEO of Barings BDC, where he has served as CFO since 2018. 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. 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 Nomination and Corporate Governance Committee identifies and recommends to the Board of . 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 phrase "board of directors" often is used interchangeably with terms such as " board of trustees ," "board of governors," or simply "the board.". Our broad capabilities allow us to go beyond traditional fixed income strategies and access investments spanning the quality, yield and liquidity spectrum. 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. 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. 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. 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. 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. 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). 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. From 2011 until 2019, he served as Executive Director of Catawba Lands Conservancy, a nonprofit land trust. in Economics from Long Island University. Throughout history, Barings has been a leader in providing global, innovative, diversified solutions to clients. Collections; Project #ShowUs; Creative Insights; . Board of Directors - B of D: A board of directors (B of D) is a group of individuals, elected to represent stockholders . 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. Barings had been founded in 1762 by Francis Baring and overseen by generations of his wealthy, privileged descendants. 2231 Words. Additionally, Ms. Lancaster-Beal served on the Board of Regents of Georgetown University from 2006 to 2010. As Britain prospered, so did the bank and Sir Francis Baring. Best Essays. The board of directors not only helps lay out the bank's goals, but acts as a watchdog as well. He also spent eight years at Price Waterhouse. It was neither of these things. 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. We are deliberate in our direction, partnerships and decision making to achieve long-term, lasting change. 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 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. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. 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 . 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 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. She has built a reputation as an executive with a strategic and pragmatic approach to talent management with an eye toward bottom line results. All rights are reserved. 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. Mark is a Certified Public Accountant and is a graduate of St. Bonaventure University. The link below will redirect you to their website for more information. 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. He holds a B.S. David holds a B.S. Maintaining company resources. In this interview-style podcast, we offer insight into where our global teams are seeing risks and opportunities today. Barings subadvises a series of mutual funds for MassMutual Funds. Select from premium Barings Bank of the highest quality. Beal & Company, which she co-founded in April 1988, until 2014.
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