Barings chiefs on new board

Barings chiefs on new board

Five directors and executives from the collapsed Barings Bank are on the board of the new Baring Investment Bank holding company, it was announced yesterday. The new management structure completes the re-organisation, folding Barings Securities, Baring Brothers bank and ING Capital into a newly formed Baring Investment Bank. Hessel Lindenbergh is chairman and chief executive officer. The main promotion is of Michael Baring, who becomes head of global equity brokerage.