Barings is suing Nomura-backed firm after private credit talent raid (2024)

People moves 19 Mar, 2024

The asset manager lost more than 20 private credit specialists to the rival and had to pause some of its investments as a result.

Barings is suing Nomura-backed firm after private credit talent raid (1)

By Margaryta Kirakosian

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Barings is suing Corinthia Global Management followingan exodus of more than 20 private credit specialists earlier this month.

The asset manager has filed a temporary restraining order and preliminary injunction against Corinthia in a North Carolina court, as well as two of its former employees, co-head of private finance group Ian Fowler and its former head of operations Kelsey Tucker.

In the lawsuit, Barings outlined that Fowler was trying to establish a new private credit operation for Corinthia using Barings’ processes and know-how and approaching its clients.

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