Capital Allocators – Inside the Institutional Investment Industry
Mike Freno – Confident Humility at Barings (EP.374)
Mar 14, 2024
Mike Freno, Chairman & CEO of Barings, leads a $400 billion global investment firm with a rich history. He discusses his journey from accounting to investment leadership and the strategic evolution of Barings through acquisitions. Freno emphasizes the synergy between insurance ownership and asset management, revealing how long-term thinking shapes decision-making. He also shares personal insights about leadership, including the importance of swift decisions and the lessons learned from mentors that highlight teamwork and humility.
39:34
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Quick takeaways
- Barings' strategic growth focuses on serving institutional clients with fixed income, real assets, and capital solutions.
- Insurance ownership influences Bearings' stability, long-term perspective, and strategic decisions towards downside protection and cash flow generation.
Deep dives
Mike Frino's Career Journey and Path to CEO at Bearings
Mike Frino shares his career path from starting in accounting to becoming the Chairman and CEO at Bearings. Beginning from audit to tax roles, moving to a small startup hedge fund, his career evolved into managing high yield portfolios and forming global high yield groups, ultimately leading to his current role. Frino explains the historical evolution of Bearings as a part of Mass Mutual and the strategic acquisitions that shaped its current $400 billion asset management business.
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