Leaving Barings are head of the firm’s multi-asset group Percival Stanion, investment director Andrew Cole and investment manager Shaniel Ramjee.
Barings’ current CIO Marino Valensise replaces Stanion as head of multi-asset.
Lambden is due to join on the 16 September, Valensise takes up this new role immediately and will also take up chairmanship of the firm’s strategic policy group with immediate effect.
Valensise, who will report to Lambden when he joins, will also take on responsibility of the Baring Dynamic Asset Allocation fund.
Christopher Mahon, a director in the multi-asset group, will take leadership of the £987m Baring Multi Asset fund.
Lambden, who will be based in London and report to Barings’ chairman and chief executive David Brennan, was also formerly chief executive and chief investment officer of Schroders’ Australian business.
Former Schroders fund manager Sonja Laud also joins and reports into Valensise.
In her new role Laud will be an investment manager within the multi-asset group and was a fund manager at Schroders.
Brennan says: “We are pleased to welcome Ken to the firm as we continue to strengthen and develop our investment capabilities.
“It is a natural fit for Marino to assume leadership of our multi asset franchise ensuring continuity of investment approach and Insight across the portfolios.”