US life insurance giant MassMutual has completed the merger of its four asset businesses, which will use the Barings name. Barings Asset Management is being integrated with bond special Babson Capital Management, private equity firm Wood Creek Capital Management and property fund house Real Estate Advisers. The Barings brand and logo will be refreshed as part of the process, Wealth Manager reported. The merger sees Barings become one of the world’s biggest asset managers with more than $275 billion in assets under management. It will contain 1,700 employees in 41 countries dotted across the globe, including 600 investment professionals across a wide range of asset classes. “This merger marks an exciting moment in our history, and it enhances our ability to provide comprehensive, innovative solutions to help our clients meet their investment objectives,” commented Tom Finke, chairman and chief executive officer of Barings. “The new Barings possesses expanded depth and breadth of expertise across the global fixed income, equity, real estate and alternative asset markets.”
