Scandella will come in as a direct replacement for former head of equities, Tim Scholefield, who left the firm at the beginning of April after joining Barings in 2006.
According to a Barings spokesperson, the two managers have very similar styles, which was why Scandella was brought in.
Barings chief investment officer, Marino Valensise, was quoted as saying of the new hire, “He brings with him a strong bottom up driven investment philosophy and a successful track record in managing emerging market equities achieved through a disciplined approach to ‘quality growth’, a style very similar to Barings’ GARP (Growth At Reasonable Price).”
Scandella will report directly to Valensise.
