Barings Asset Management CIO Ken Lambden has left the firm as it merges with Babson Capital Management and subsidiaries Cornerstone Real Estate Advisers and Wood Creek Capital Management.
Barings owner MassMutual announced in March it was merging four of its underlying boutique asset managers, including Barings, creating a firm with $260bn in assets.
As part of the integration of the businesses Lambden has announced his decision to leave, the asset manager confirms. A statement from the company says it “wishes him success in his future endeavours”.
As a result of the move head of multi asset and former CIO Marino Valensise will lead the company’s investment committee until the first round of integration has closed, which is expected to be the fourth quarter of this year.
Barings says equity leader Jean-Louis Scandella and multi-asset leader Valensise will continue to have oversight of their divisions, “ensuring the continuity of investment approach”.
Lambden has been CIO at Barings since September 2014, when he joined from Schroders where he was global head of equities.
He replaced Valensise, who was made head of multi-asset, replacing Percival Stanion, who moved to Pictet alongside fellow multi-asset managers Andrew Cole and Shaniel Ramjee.
At the time of the initial merger announcement, it was revealed the combined business will retain the Barings name and will be run by Tom Finke, the current chairman and chief executive of Babson.
As part of the merger Barings chairman and chief executive David Brennan will retire, as planned, this summer.