Corinthia Global Management is hiring a 20-person private credit team from Barings in a rare mass move, according to market sources.
Some of the employees leaving Barings’ European private credit team and its investment committee team for Corinthia include Adam Wheeler and Ian Fowler, co-heads of Barings Global Private Finance Group; and Alice Foucault, Joseph Buckley, Matt Carty, Benjamin Gillet and Mark Wilton, senior members of Barings’ Global Private Finance Group.
Barings, a subsidiary of MassMutual, said on March 8 that Fowler has resigned to pursue other business opportunities and would be succeeded by Matthew Freund. The firm has named Bryan High as the firm’s head of Global Private Finance, effective immediately.
Barings in a statement said it is fully committed to its private credit capabilities, and has full support from MassMutual. “The majority of the team remains, and will work together under the leadership of Bryan High and senior leaders Stuart Mathieson and Tyler Gately to ensure a seamless transition for our clients,” CEO Mike Freno said.
Corinthia, backed by Nomura, is a private credit platform operating in the UK, Europe and the US, focusing on identifying high-quality borrowers and generating risk-adjusted returns through private debt investments.
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