Baring's offshore fund range and business strategy will be unaffected by the company's purchase by M...
Baring's offshore fund range and business strategy will be unaffected by the company's purchase by MassMutual Financial Group in the US, according to the company. Barings claimed that there are no plans to alter the group's cross-border strategy, pointing out that the acquisition in any case brings an additional $35bn to assets under management for MassMutual and its subsidiaries, which, including Barings, now exceed $350bn. Barings will continue to operate independently with chairman and CEO David Brennan retaining his responsibilities. Robert O'Connell, chairman of Mass Mutual, said: "...
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