2024-04-02 11:21:14 ET
Summary
- I think there's more "short-term smoke" than "long-term fire" with newcomer Corinthia's raid on Barings/MassMutual's top professional credit staff.
- With 11,000 employees and a 170-year history, Barings/MassMutual has lots of bench strength and market credibility to draw on.
- Many of the highly energized "battlefield promotions" may do as well or better than the people they replace, once they are settled into their new roles.
- Spoiler Alert: As an investor, I'm happy with my existing positions in all 4 Barings entities.
Recently the "talent raid" on Barings/MassMutual's senior credit professional staff, by a London-based affiliate of Nomura called Corinthia Global Management, has attracted a lot of investor attention and concern. (See this link for details.)...
Read the full article on Seeking Alpha
For further details see:
Corinthia's 'Talent Raid' On Barings/MassMutual: Should Long-Term Investors Be Concerned?