Barings Hires Bank of America Veteran to Lead Global CLO Expansion
Event summary
- Ankit Aggarwal joins Barings as Head of Global CLO Issuance and Capital Markets, reporting to Adrienne Butler.
- Aggarwal previously led Bank of America's US CLO banking and structuring team.
- Barings' CLO platform manages $55 billion in assets as of June 30, 2026.
- New role focuses on scaling CLO issuance across broadly syndicated loans, private credit, and infrastructure debt.
The big picture
Barings' hire comes as institutional and insurance demand for CLO solutions continues to rise. The move underscores the firm's push to scale its $55 billion platform across credit markets, leveraging Aggarwal's two decades of structured credit experience. The appointment signals Barings' intent to deepen relationships with large investors and expand its capital markets capabilities in a competitive alternative investment landscape.
What we're watching
- Platform Growth
- How Aggarwal's capital markets expertise will accelerate Barings' $55 billion CLO platform expansion.
- Institutional Demand
- Whether Barings can sustain momentum in CLO solutions as insurance and institutional demand grows.
- Strategic Partnerships
- The pace at which Barings forms new capital partnerships under Aggarwal's leadership.