The organisation oversees more than $354 billion of assets and operates in North America, Asia and Europe.

Barings, the investment management group operating in a number of regions, and one of the world’s leading investment managers, today announced that it has appointed a new chairman and CEO, replacing Tom Finke, who has been appointed to join the board of US-listed Invesco.

Mike Freno, the new Barings CEO and president, has taken up the role with immediate effect. Freno,who has worked at Barings for more than 15 years, is a member of Barings’ senior leadership team, the board of directors and is chairman of Barings BDC.

“Mike Freno is a strong and distinguished leader, with a record of profitably growing the business and serving our institutional investors globally,” Finke said in a statement yesterday.

Freno holds a BA from Furman University and an MBA from Wake Forest University. He is a long-time resident of Charlotte, North Carolina, and an active member of the community.

Barings oversees more than $354 billion of assets under management, and operates in North America, Asia and Europe. It is a subsidiary of MassMutual.