Free Trial

Global Investor Magazine Copying and distributing are prohibited without permission of the publisher

CIO profile: Marino Valensise, Baring Asset Management

31 January 2012


Baring Asset Management has maintained its identity by constantly reshaping its business over the past 250 years. Chief investment officer Mario Valensise discusses the latest restructuring of the firm’s portfolio of funds

Read more: Marino Valensise Baring Asset Management China

This year is Barings’ 250th anniversary but how has Baring Asset Management evolved since the events of 1995?
It’s remarkable how the company has continued to operate more or less in the same way that it did before. Business did see a slowdown after the events of 1995 but by 1998 the company was making as much money as before. Then we went through the ING phase.

We were part of a portfolio of brands owned by ING but continued to operate independently as Baring Asset Management (BAM). When ING started to move towards consolidating their subsidiaries under a common brand, we just didn’t feel comfortable. We wanted the Barings brand to continue as we felt it had tremendous value. In 2005 we identified another ‘home’ for the firm, the MassMutual Financial Group.

Looking back, there has been very little disruption over the last 15 years. This firm...