A Strategy Designed for Expansion and Diversification
MS&AD stated that the stake purchase aligns with its plan to transform its risk profile and boost its global offerings. Executives expect that access to Barings’ investment capabilities will deepen the company’s own asset management operations and elevate its capacity to build innovative insurance products.
The 18% stake, the company added, will allow MS&AD to diversify its portfolio further, heighten capital efficiency and unlock new investment initiatives.
“We are pleased to have the opportunity to invest in Barings,” said Shinichiro Funabiki, president and CEO of MS&AD and Mitsui Sumitomo. “This strategic partnership with Barings — a manager with a powerful global track record — and with MassMutual carries significant meaning for our group. We are confident that supporting Barings’ sustainable, long-term growth alongside MassMutual will generate lasting value.”
MassMutual Retains Majority Ownership
Once finalized, MassMutual will continue as Barings’ controlling shareholder and maintain governing authority. Barings will also continue managing most of MassMutual’s general investment account, ensuring continuity even as the firm gains a new strategic partner.
Barings CEO and Chairman Mike Freno welcomed the agreement, saying, “We are excited to partner with MS&AD and believe this is a unique opportunity to accelerate Barings’ growth. With MassMutual’s support, Barings will combine growth capital with our scale and expertise in public and private markets to advance our long-term strategy.”
MassMutual CEO Roger Crandall echoed those sentiments, noting that MS&AD’s investment strengthens Barings’ momentum and builds on the longstanding synergy between insurance and asset management.
