Leadership changes are underway at $387 billion Barings, which has named David Mihalick as head of private assets, replacing Eric Lloyd, who was appointed president at the firm.
“We have set our strategy for long-term growth and are seeing strong business performance,” said Barings Chairman and CEO Mike Freno. “We are taking important steps now to best align our leadership structure for continued future growth.”
Mihalick had been responsible for the firm’s U.S. Public Fixed Income and Head of U.S. High Yield business. He joined Barings in 2008 from Wachovia Securities Leveraged Finance Group.
As head of private assets, Mihalick is managing Barings’ global private assets businesses, including global direct lending, private placements and infrastructure debt, private structured finance, funds and c-investments and private equity real assets.
Freno added that Mihalick has proven leadership capabilities and will leverage his significant fixed-income experience to help advance the group.
Leaders of the following core investment businesses will report directly to Freno: Mihalick as the new head of Private Assets (Charlotte); Martin Horne (London) heading Global Public Fixed Income; Ghadir Cooper (London) leading Global Equities; and the heads of Real Estate.