Barings’ $275bn mega-merger completed

Insurance group MassMutual’s asset managers Babson Capital Management, Cornerstone Real Estate Advisers, Wood Creek Capital Management and Baring Asset Management will be now running under the Barings name.

The gathering of the group’s four subsidiaries creates a $275bn (€244.3bn) global asset manager that covers traditional and alternative asset classes.

It tallies over 1,700 employees of which 600 are investment professionals in 41 offices across 17 countries.

It is understood Russ Morrison will serve as the firm’s president and lead global fixed income, equity and multi-asset strategies while Scott Brown will head global real estate and Anthony Sciacca will lead global alternative investments as well as private equity.

“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 CEO 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.”

Roger Crandall, chairman, president and CEO, MassMutual, said: “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.”

Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

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