An alumnus of the University of Virginia and Duke University, Thomas “Tom” Finke was the longtime CEO and chairman of the institutional asset management firm Barings, LLC. Retiring in 2020, Thomas Finke has maintained his involvement with the Bechtler Museum of Modern Art as a board advisor.
For the first time since its opening in 2010, the Bechtler Museum of Modern Art is hosting an exhibition dedicated solely to women. The Bechtler Museum is featuring a curated collection showcasing the work of 22 dynamic female artists under the exhibit titled “Twentieth Century Women.” The exhibit opened in February and can be seen through late September of this year. The exhibit selects 100 pieces from the Bechtler family’s impressive collection of drawings, sculptures, and paintings from the modern art era. Highlighted artists include the German weaver Lisbeth Bissier and abstract expressionist sculptor Betty Parsons. Local artists, such as Maja Godlewska, a professor at the University of North Carolina, Charlotte, are also represented in the exhibition.
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3/3/2021 0 Comments Why Fishing Is a Great HobbyThomas Finke has served as chairman and CEO of Barings, LLC, since 2008. Since taking over at the helm of the firm, Thomas "Tom" Finke has overseen efforts that led Barings to become a global investment firm with over $300 billion in asset management. Besides his duties as an executive, he enjoys golfing, hunting, and fishing.
Fishing as a hobby is enjoyed by many people, especially those living in regions with bodies of water. Sitting in a boat on a lake is a tranquil experience that also results in a relaxed mind and body. Fishing is also an opportunity for bonding and socialization. Friends and families usually go on fishing trips to bond and enjoy family time. Fishing trips also offer an avenue to get away from the stress and hassle of everyday life. Furthermore, it is an excellent form of exercise for the brain, as it helps train the mind to focus on the task at hand. Thomas Finke has more than 30 years of experience working in various capacities within the banking and investment sector. In addition to serving as chairman and CEO of Barings, LLC, Thomas "Tom" Finke is affiliated with the Loan Syndication and Trading Association (LSTA), where he was an active advocate for the leveraged loans and securitized markets.
Typically, a syndicate of commercial or investment banks arranges leveraged loans. Companies with substantial debt burdens that are disqualified from receiving commercial loans are the primary recipients of leveraged loans. The variable interest rates of these loans are higher than regular loans due to their higher risk of default. Leveraged loans are primarily used by organizations for mergers and acquisitions, debt refinancing, or balance sheet recapitalization. Leveraged loans have grown over the years with the Bank for International Settlements, estimating the global value of the market for these loans to be $1.4 trillion in 2019. One of the factors behind the rise of leveraged loans is the encouragement of increased lending by financial authorities with incentives after the 2008 global financial crisis to which many banks responded. The prevailing low-interest rates after the crisis were also a factor, as institutional investors bought these loans, which had been packaged by banks as investment vehicles in the form of Collateralized Loan Obligations (CLO). Consequently, demand for these CLOs grew annually after 2008, with investors looking to profit from rising interest rates. Thomas “Tom” Finke is a graduate of Duke University’s Fuqua School of Management and the current chairman and CEO of Barings, LLC, a leading financial services firm. As the leader of the company, Thomas Finke is responsible for developing and implementing strategies so that the firm will continue to adapt to the shifting financial landscape.
The asset management industry has developed numerous tools in lockstep with the technological advancements that support them. Even so, many challenges remain for even the large players in the field. Among those, many asset manager executives have trouble aligning their technological solutions to support the increasingly complex securities and transactions they’re dealing with. As financial products become more and more byzantine, they are also becoming more problematic to track and effectively manage. Another problem, characteristic of the age, is finding ways to manage data safely and in ways that convey trust to their clients. Finding the right balance of accessibility, quality, and safety of data and analytics is often cited by financial executives as one of their top concerns. |
AuthorThe Chairman and CEO of Barings LLC , Thomas Finke possesses over 27 years of experience in the investment and banking sectors. Archives
March 2021
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