From Managing Portfolios to Running an Organization with Mike Freno

Firm Merger

The merger of Barings with Babson and other entities was a strategic move to enhance the firm's global reach and capabilities. Mike Freno explains that MassMutual saw the value in consolidating these firms to create a unified brand with a strong international presence 1. This decision was driven by the recognition that the Barings brand held more value than the individual entities, particularly in international markets. However, merging these distinct entities posed significant cultural integration challenges. Freno notes, "It's a challenge at times," emphasizing the importance of integrating different corporate cultures to achieve long-term value 1.

   

Communication

Effective communication and transparency have been pivotal in managing Barings' global teams, especially during the COVID pandemic. Freno highlights the importance of regular communication, stating that it was essential to speak to the entire company frequently to maintain corporate culture 2. He believes that transparency reduces anxiety among employees, as it provides clarity and a sense of inclusion. "I would rather know what's going on and know I don't like it than not know what's going on and think I don't like it," Freno asserts, underscoring the value of openness in leadership 2.