Bearing Asset Management Appoints Mike Preno as Global Chairman and CEO

[Asia Economy Reporter Minji Lee] Global asset management firm Barings Asset Management announced on the 6th that it has appointed Mike Preno as the Group Chairman & CEO.

Newly appointed Chairman Preno has been serving as President since February and is currently a member of the Barings Senior Leadership Team and the Barings Board of Directors. He also serves as Chairman of Barings BDC Inc., which primarily invests in middle-market companies. Tom Pink, the former Chairman & CEO who has led the group since the integration phase of Barings Group in 2016, is scheduled to retire on November 30.

Mike Preno, the newly appointed chairman.

Former Chairman Tom Pink stated, “Mike Preno, the new Chairman, has driven Barings' growth with outstanding leadership and has diligently provided services to institutional investors worldwide.” He added, “Chairman Preno embodies Barings' values and will contribute to clients, the company, and society while leading Barings' continued growth as a global asset management industry leader.”

Chairman Preno has been with Barings Asset Management for the past 15 years, supporting investors as a trusted partner to help them achieve their long-term investment goals. He has also served as a buy-side expert in equity and fixed income investment sectors for over 20 years.

Chairman Preno said, “I am pleased to lead Barings, a prestigious firm in the global financial services market,” and added, “I will work closely with over 1,800 professionals worldwide to support Barings' clients in achieving their long-term investment objectives.”

Amid ongoing market volatility and uncertainty this year, Chairman Preno has focused on providing optimal investment services while advancing the company’s long-term growth plans. He stated, “My top priority going forward is to connect online with Barings' clients and employees worldwide,” and added, “Despite the challenges posed by the pandemic, Barings Asset Management is accelerating efforts to secure growth momentum for 2021.”

Chairman Preno graduated from Furman University and earned an MBA from Wake Forest University. He resides in Charlotte, North Carolina, where Barings Asset Management’s headquarters are located, and actively participates in community service activities. Former Chairman Tom Pink will support the transition process to the new CEO until the end of November.

This content was produced with the assistance of AI translation services.