Product Development - Private Assets Wealth Senior Director

Barings•Charlotte, NC

About The Position

The Senior Director, Private Assets Wealth is a senior member of Barings’ Product Management team and leads product strategy for private and alternative assets in the US Wealth market. The role supports the firm’s growth strategy by developing commercially viable products and coordinating execution across the business. It is the senior Product Management representative for Barings’ private-asset investment teams in the US Wealth channel and is accountable for developing, launching and managing products throughout their lifecycle. The role leads market research, product-gap analysis and new product proposals, presenting recommendations to senior leadership and governance forums. It works closely with Client Portfolio Management, Distribution, Legal, Compliance, Operations, Investment, Finance, Tax and Risk, as well as external counsel, fund administrators, service providers, platforms and investors. The position may manage and develop junior Product Management team members. The role leads US Wealth strategy and development for private and alternative assets, identifies product gaps and growth priorities, and evaluates product concepts against client demand, investment fit, operational feasibility, regulatory requirements, economics and strategic priorities. It leads end-to-end product launches and product structuring, including financial analysis, documentation, commercial terms and governance. It also monitors product performance, asset growth and fund economics, addresses regulatory changes with Legal and Compliance, supports scalable distribution channels and recommends product enhancements, restructurings or rationalisation when appropriate.

Requirements

At least 10 years of experience in product management, product development or a related field, including significant hands-on experience with private-asset Wealth products, distribution, product structures and external positioning.
Deep, hands-on experience with US ’40 Act funds, BDCs and US private funds, including product strategy, development and management.
Executive-level communication skills and comfort presenting recommendations to senior leadership and governance forums.
Proven track record of leading product launches end to end and influencing senior stakeholders across Investment, Distribution and support functions.
Highly organized, with strong attention to detail and excellent project-management skills.
Advanced Excel skills.

Nice To Haves

CFA designation or equivalent qualification.
Experience with European and/or APAC Wealth solutions, such as ELTIFs or Luxembourg Part II UCIs.
Experience managing or mentoring team members.

Responsibilities

Help lead US Wealth strategy and product development for private and alternative assets, coordinating with European and APAC colleagues.
Identify product gaps and growth priorities by wrapper and asset class, and assess concepts against client demand, investment fit, operational feasibility, regulatory requirements, economics and strategic priorities.
Maintain expert knowledge of structures and regulations relevant to private-asset Wealth products, including US ’40 Act funds, ETFs, separately managed accounts and model portfolios.
Prepare product proposals, business cases, term sheets and decision logs, and present recommendations to senior leaders and governance committees.
Champion Private Assets Wealth products internally and build alignment with Distribution and Investment leadership on priorities and sequencing.
Lead product launches end to end, including project management, stakeholder alignment and execution across Barings.
Design and structure products such as non-traded or perpetual BDCs, interval funds, tender-offer funds, Section 3(c)(7) private funds, feeder vehicles, multi-asset solutions and separately managed account solutions, as applicable.
Drive product structuring and modifications, including documentation, fee and revenue modelling, seed-capital considerations and other financial analysis.
Serve as a subject-matter expert on commercial terms and product mechanics, including subscriptions, redemptions and other liquidity terms, leverage and distributions.
Maintain technical expertise in the evolving regulatory framework and assess product responses to changing requirements.
Lead each product launch through the Barings governance process.
Represent Product Management to internal business partners on product-level matters, including fund economics, mechanics and investment restrictions.
Research and communicate product trends and innovations, focusing on fund economics and mechanics.
Lead product responses to regulatory changes affecting private-asset Wealth products in partnership with Legal and Compliance.
Partner with Client Portfolio Management, Distribution and other stakeholders to develop scalable distribution channels, platforms and structures.
Monitor product performance, asset growth and fund economics, and recommend enhancements, restructurings or rationalisation where appropriate.
Lead, mentor and develop junior members of the product team.

Benefits

Medical coverage, including Virtual Care, prescription, dental and vision coverage.
Fitness Center Reimbursement Program, including online memberships.
Employee Assistance Program (EAP).
Fertility benefits.
401(k) plan with company match.
Health Savings Account (HSA) with company contributions.
Flexible Spending Accounts (FSA) for health care and dependent care.
Retirement Health Reimbursement Account.
Basic and supplemental life insurance.
Spouse and child life insurance.
Paid vacation, sick days and annual holidays.
Paid leaves of absence, including maternity, parental, caregiver and bereavement leave.
Short- and long-term disability plans.
Paid volunteer time.
Education Assistance Program.
Charitable Matching Gifts Program.
Commuter Reimbursement Program.
Adoption and surrogacy reimbursement program.