Ms. Lancaster-Beal is a financial professional with extensive management and board level experience in corporate governance, credit and financial analysis. Since 2014, Mr. Byers has been engaged periodically as an independent consultant to provide expert reports and opinions in financial and investment related matters. He currently serves on the board of McKim and Creed, a North Carolina based professional engineering services firm. On Sunday 26 February 1995, the 200-year old merchant bank blew up thanks to derivatives trading, which it believed was both risk-free and highly profitable. Key Points. Prior to his current role, he served as Head of Private Assets. "There was a stack of paper, "recalls visiting official Tony Railton, senior clerk for . It was bailed out by the Bank of England. 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. Mark is a Certified Public Accountant and is a graduate of St. Bonaventure University. Leeson worked at the Singapore branch of Barings Bank PLC, the blue-blooded British merchant bank founded in 1763 that catered to royalty and was at the pinnacle of the London financial world. Our experienced team seeks differentiated sources of return across private equity, real assets and asset-based investments. 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. Explore our latest press releases and contact our media relations team. Our global presence and longstanding expertise allows us to evaluate and capture the yield potential of illiquid and less liquid credit-based investments. This material should not be construed as a recommendation, and Barings is not soliciting any action based upon such information. Dr. Harris currently serves as Director or Trustee of several registered investment companies and other public and private organizations. Barings' team-based culture seeks to deliver long-term financial security and builds a sustainable future in service to our clients, colleagues and communities. View detailed BBDC description & address. She has built a reputation as an executive with a strategic and pragmatic approach to talent management with an eye toward bottom line results. Eric is an Executive Sponsor of both the Veterans and the Out & Allies Employee Resource Groups. Prior to joining Dreyfus Corporation, Mr. Byers served in executive positions at PaineWebber Group from 1986 to 1997, and served in such capacities as chairman of the Investment Policy and Risk Oversight Committee, Capital Markets Director of Risk and Credit Management, and was NASD registered as General Principal, Financial and Operations Principal and Branch Principal. Barings Bank was a British merchant bank based in London, and one of England's oldest merchant banks after Berenberg Bank, Barings' close collaborator and German representative.It was founded in 1762 by Francis Baring, a British-born member of the German-British Baring family of merchants and bankers.. Prior to PaineWebber, Mr. Byers was an executive at Citibank/Citicorp from 1979 to 1986. The link below will redirect you to their website for more information. Barings' team-based culture seeks to deliver long-term financial security and builds a sustainable future in service to our clients, colleagues and communities. Robert Knapp brings over 25 years of experience in the financial services industry to the Board. In this interview-style podcast, we offer insight into where our global teams are seeing risks and opportunities today. Create new Board. Additionally, Robert serves as a member of the Board of Managers of Veracity Worldwide LLC. Beal & Company, which she co-founded in April 1988, until 2014. Our global presence and longstanding expertise allows us to evaluate and capture the yield potential of illiquid and less liquid credit-based investments. He also spent eight years at Price Waterhouse. Our experienced team seeks differentiated sources of return across private equity, real assets and asset-based investments. Prior to this, she served as Managing Director at M.R. 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. 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). Jill received a Bachelor of Science from Clemson University and a Masters in Organization Behavior and Development from Fielding University. in Economics from Georgetown University and an M.B.A. from the Wharton School of Business of the University of Pennsylvania. The Barings Investment Institute explores the forces that shape long-term investment and capital decisions. 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. Sound Corporate Governance Policies (365 kb)* and practices are important to add shareholder value and maintain the confidence of depositors and investors alike. He holds a B.S. 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. 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. 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 . The collapse of Barings Bank in February 1995 was caused by colossal losses incurred by a single rogue trader. She has built a reputation as an executive with a strategic and pragmatic approach to talent management with an eye toward bottom line results. The Scandal of Barings Bank and Olympus Essay Preview: The Scandal of Barings Bank and Olympus Report this essay Future Academic Programme: MSc Accounting and Finance (2018/2019) The University of NottinghamWord count: 2480 The scandal of Barings Bank and Olympus Dec 2018 IntroductionAccording to Bhasin (2013), "Scandals are often the 'tip of the iceberg'. We use cookies on our website to provide you with the best experience. 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. Androscoggin Bank Headquartered in Lewiston, Maine, the Bank has been fiercely independent for 150 years. All rights are reserved. Chairman and CEO, Barings LLC Mike Freno is Chairman and CEO of Barings LLC, a $391+ billion global financial services firm with offices across the U.S., Europe, Australia and Asia. Performance evaluation is a key means by which boards can recognise and correct corporate governance problems and add real value to their organisations. 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. With offices on four continents, we have the global perspective and local presence to uncover and provide access to a superior range of investment opportunities. We build high-conviction portfolios based on fundamental, bottom-up research and ESG integration, seeking to identify companies with strong growth potential. shareholders not already directors of the bank at the time. Dr. Harris is also the Chief Executive Officer and Managing Partner of Vesalius Ventures, Inc. a venture capital firm that invests in early- to mid-stage healthcare technologies and companies. The bank collapsed in 1995 after suffering losses of 827 million (1.7 billion in 2021 . 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. He is a principal and director of Africa Opportunity Partners Limited, a Cayman Islands company that serves as the investment manager to Africa Opportunity Fund Limited. 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. David has worked in the financial services industry since 2004. View Management Team View Board of Directors. He also spent eight years at Price Waterhouse. Ms. Lancaster-Beal is a financial professional with extensive management and board level experience in corporate governance, credit and financial analysis. Mr. Byers serves as the Independent Chairman of the Board of Directors of Deutsche Bank DBX ETF Trust and as a member of the audit and nominating committees. With offices on four continents, we have the global perspective and local presence to uncover and provide access to a superior range of investment opportunities. From 2011 until 2019, he served as Executive Director of Catawba Lands Conservancy, a nonprofit land trust. 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. The board is also tasked with a number of other responsibilities, including the following: Creating dividend policies. 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 . It was neither of these things. in Economics from Georgetown University and an M.B.A. from the Wharton School of Business of the University of Pennsylvania. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. Nick Leeson, the bank's then 28-year-old head of derivatives in . The link below will redirect you to their website for more information. She is on several non-profit boards and active in the community with a focus on education, the arts, and homeless prevention. Was the Barings Bank Board of Directors culpable for the losses of Nick Leeson? 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. Location not listed? Mr Borg is currently the CEO and an Executive Director of PG p.l.c which has recently been listed on the Malta Stock Exchange, and holds a number of other non-executive directorship positions in Malta. 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. 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. . a steering committee convened by the Board of Governors of the Federal Reserve System and the Federal Reserve Bank of New York and comprised of large U.S. financial institutions, has recommended the use of the Secured Overnight Financing Rate, SOFR.