Barings Executive and Leadership Team

May, 2026

Leadership Overview

Barings has 10 executives leading key functions including strategy, finance, operations, and legal.

Driven by a commitment to delivering excess returns, Barings operates as a global asset management firm, leveraging decades of experience to navigate dynamic markets and build long-term client portfolios across public and private markets.

Leadership Roles at Barings

  • Chairman and Chief Executive Officer - Michael Freno
  • Chief Executive Officer (Barings BDC) - Thomas McDonnell
  • Chief Financial Officer - Patrick Hoefling
  • Chief Operating Officer & Chief Financial Officer - Elizabeth Murray
  • Chief of Staff - Erin Branstrom
  • Chief Human Resources Officer - Caroline Mandeville
  • Global Chief Information Officer - Jawad Malik
  • Global Chief Technology Officer, Head of Infrastructure Services & Information Technology Operations - Monika Hudson
  • Chief Administrative Officer - Sheldon Francis
  • Head Managing Director, Regulatory & Chief Legal Officer, Barings' Closed End Funds & Bdcs - Ashlee Steinnerd
  • Michael Freno - Chairman and Chief Executive Officer

    Michael Freno, the Chairman and Chief Executive Officer at Barings, directs the firm's global strategy and overall business operations. Overseeing all investment professionals and client relationships, Freno ensures alignment with Barings' mission to deliver excess returns across public and private markets. This leadership role involves guiding the firm's expansion into new markets and product areas, fostering a culture of innovation, and maintaining strong relationships with institutional, insurance, and intermediary clients. By driving strategic initiatives, Michael Freno ensures Barings capitalizes on differentiated opportunities and builds sustainable, long-term portfolios in fixed income, real assets, and capital solutions. The Chairman and Chief Executive Officer's purview extends to navigating complex economic and credit cycles, leveraging the firm's heritage dating back to 1762 to provide flexible solutions and alpha generation.
    Michael Freno

    Thomas McDonnell - Chief Executive Officer (Barings BDC)

    Thomas McDonnell, the Chief Executive Officer (Barings BDC) at Barings, leads the strategic direction and operational management of Barings BDC. Overseeing investment strategies and capital deployment for the Business Development Company, McDonnell focuses on generating attractive risk-adjusted returns for shareholders. This executive role involves identifying and executing direct lending and middle market lending opportunities, aligning with Barings' broader expertise in fixed income and capital solutions. By driving the BDC's growth and performance, Thomas McDonnell contributes significantly to Barings' overall market presence and its ability to serve clients seeking alpha generation. The Chief Executive Officer (Barings BDC)'s leadership ensures the BDC effectively navigates credit cycles and delivers value through specialized investment capabilities.
    Thomas McDonnell

    Patrick Hoefling - Chief Financial Officer

    Patrick Hoefling, the Chief Financial Officer at Barings, manages the company's financial health and strategic financial planning. Overseeing all fiscal operations, Hoefling ensures robust financial controls and drives initiatives to optimize profitability and capital allocation across Barings' global asset management activities. This critical role involves managing investor relations, financial reporting, and treasury functions, directly supporting the firm's objective to deliver excess returns. By analyzing market trends and financial performance, Patrick Hoefling provides key insights that inform strategic decision-making, enabling Barings to source differentiated opportunities and build long-term portfolios. The Chief Financial Officer's leadership ensures financial stability and supports the company's commitment to sustainable practices and responsible investment across its diverse client base.
    Patrick Hoefling

    Elizabeth Murray - Chief Operating Officer & Chief Financial Officer

    Elizabeth Murray, the Chief Operating Officer & Chief Financial Officer at Barings, directs both the operational execution and financial management of the firm. Overseeing day-to-day business activities and fiscal strategy, Murray ensures operational efficiency and financial discipline across Barings' global asset management operations. This dual role is critical for integrating operational capabilities with financial planning to support the company's objective of delivering excess returns. By optimizing processes and managing financial resources, Elizabeth Murray enables Barings to source differentiated opportunities and build resilient, long-term portfolios. The Chief Operating Officer & Chief Financial Officer's leadership ensures seamless execution of Barings' strategy and reinforces its commitment to sustainable practices and responsible investment.

    Erin Branstrom - Chief of Staff

    Erin Branstrom, the Chief of Staff at Barings, provides strategic support and operational oversight to the executive leadership team. Coordinating key initiatives and ensuring seamless execution of strategic priorities, Branstrom facilitates communication and collaboration across Barings' global offices in North America, Europe, and Asia Pacific. This role involves managing special projects, driving operational efficiencies, and ensuring alignment with the company's mission to deliver excess returns. By acting as a central point of contact for executive-level matters, Erin Branstrom supports the Chairman and Chief Executive Officer in navigating dynamic markets and fostering a cohesive leadership environment. The Chief of Staff's focus on operational excellence underpins Barings' ability to source differentiated opportunities and build long-term portfolios for its clients.

    Caroline Mandeville - Chief Human Resources Officer

    Caroline Mandeville, the Chief Human Resources Officer at Barings, leads the global human capital strategy, focusing on talent acquisition, development, and retention. Overseeing all HR functions across North America, Europe, and Asia Pacific, Mandeville cultivates a high-performance culture that supports Barings' objective to deliver excess returns. This leadership position involves developing programs that foster employee engagement, promote diversity and inclusion, and align human resources with the firm's strategic goals. By ensuring Barings attracts and retains top talent, Caroline Mandeville directly contributes to the firm's ability to source differentiated opportunities and build long-term portfolios. The Chief Human Resources Officer's commitment to employee well-being and professional growth reinforces Barings' dedication to serving its clients, communities, and employees.
    Caroline Mandeville

    Jawad Malik - Global Chief Information Officer

    Jawad Malik, the Global Chief Information Officer at Barings, directs the company's technology strategy and infrastructure across its worldwide operations. Overseeing all IT systems and digital transformation initiatives, Malik ensures that Barings leverages cutting-edge technology to enhance client services and operational efficiency. This role is crucial for supporting the firm's mission to deliver excess returns by providing secure, scalable, and innovative technological solutions. By driving advancements in data analytics and digital platforms, Jawad Malik enables Barings to source differentiated opportunities and build robust, long-term portfolios. The Global Chief Information Officer's leadership ensures that Barings maintains a competitive technological edge in navigating dynamic markets and serving its global client base.
    Jawad Malik

    Monika Hudson - Global Chief Technology Officer, Head of Infrastructure Services & Information Technology Operations

    Monika Hudson, the Global Chief Technology Officer, Head of Infrastructure Services & Information Technology Operations at Barings, oversees the firm's technology infrastructure and operational IT services globally. Directing the development and maintenance of robust IT systems, Hudson ensures the stability, security, and scalability of Barings' technological backbone across North America, Europe, and Asia Pacific. This leadership position is vital for supporting the firm's investment activities and client services, enabling Barings to deliver excess returns efficiently. By managing critical infrastructure and IT operations, Monika Hudson supports the sourcing of differentiated opportunities and the building of long-term portfolios. The Global Chief Technology Officer's focus on operational excellence in technology underpins Barings' ability to navigate dynamic markets and maintain a competitive edge.

    Sheldon Francis - Chief Administrative Officer

    Sheldon Francis, the Chief Administrative Officer at Barings, manages a broad range of administrative functions essential to the firm's global operations. Overseeing corporate services, facilities management, and strategic support functions, Francis ensures that Barings operates efficiently and effectively across its international offices. This role is key to supporting the firm's mission of delivering excess returns by providing a stable and well-managed operational environment. By streamlining administrative processes and optimizing resource allocation, Sheldon Francis contributes to Barings' ability to source differentiated opportunities and build long-term portfolios. The Chief Administrative Officer's focus on operational integrity reinforces Barings' commitment to serving its clients, communities, and employees with excellence.
    Sheldon Francis
    Ashlee Steinnerd, the Head Managing Director, Regulatory & Chief Legal Officer, Barings' Closed End Funds & Bdcs at Barings, oversees all legal and regulatory matters pertaining to the firm's closed-end funds and Business Development Companies. Directing legal strategy and ensuring compliance with evolving financial regulations, Steinnerd safeguards Barings' interests and protects client assets. This critical function supports Barings' objective to deliver excess returns by maintaining a strong legal framework and mitigating risk across its investment vehicles. By providing expert legal counsel and regulatory guidance, Ashlee Steinnerd enables Barings to navigate complex markets and build trusted, long-term portfolios. The Head Managing Director, Regulatory & Chief Legal Officer's diligence ensures adherence to best practices and reinforces Barings' commitment to responsible investment.

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    Frequently Asked Questions Regarding Barings Top Executives and Leadership Team

    Who leads Barings?
    Barings is led by Michael Freno (Chairman and Chief Executive Officer), along with executives such as Thomas McDonnell (Chief Executive Officer (Barings BDC)) and Patrick Hoefling (Chief Financial Officer).
    Who is part of Barings’s executive team?
    The executive team of Barings includes leaders such as Michael Freno (Chairman and Chief Executive Officer), Thomas McDonnell (Chief Executive Officer (Barings BDC)), Patrick Hoefling (Chief Financial Officer) and other senior executives.
    How many executives does Barings have?
    Barings has 10 executives leading key business areas.
    What roles are included in Barings’s leadership team?
    The leadership team of Barings includes roles such as Chairman and Chief Executive Officer, Chief Executive Officer (Barings BDC), Chief Financial Officer, Chief Operating Officer & Chief Financial Officer, Chief of Staff.