Key Takeaways
- • Barings appoints Ankit Aggarwal, former head of US CLO banking and structuring at Bank of America, as head of global CLO issuance and capital markets in a newly created role, effective September 2026.
- • Aggarwal brings 9+ years of CLO expertise, including prior experience as vice president at Deutsche Bank focused on CLO origination and structuring, positioning him to strengthen Barings' capital formation capabilities.
- • The hire directly supports Barings' $55 billion CLO platform spanning broadly syndicated loans, private credit, and infrastructure debt, with Aggarwal reporting to Adrienne Butler, head of global CLOs.
- • Aggarwal's mandate includes deepening institutional investor relationships, expanding capital markets capabilities, driving new CLO formation, and growing strategic capital partnerships across investment, distribution, and structured credit teams.
Summary
Barings has recruited Ankit Aggarwal from Bank of America to lead a newly created role as head of global collateral loan obligation (CLO) issuance and capital markets. Aggarwal, who held the position of head of US CLO banking and structuring at Bank of America and led the firm's CLO equity distribution efforts, brings deep expertise in CLO markets developed over nearly a decade in the sector.
Prior to his tenure at Bank of America, Aggarwal served as vice president at Deutsche Bank, where he focused on CLO origination and structuring. Based in New York, he will report directly to Adrienne Butler, Barings' head of global CLOs, positioning the appointment within the firm's established leadership structure for alternative credit.
Adrienne Butler emphasized the strategic rationale for the hire, stating that "as institutional and insurance demand for CLO solutions continues to grow, Ankit's leadership will strengthen our capital formation and new issuance capabilities while further enhancing the value we deliver to clients." The appointment aims to amplify Barings' $55 billion CLO platform, which encompasses broadly syndicated loans, private credit, and infrastructure debt.
In his new role, Aggarwal will collaborate across investment, distribution, and structured credit teams to enhance CLO-related investment capabilities, drive new CLO issuance, and develop strategic capital partnerships. His mandate reflects Barings' broader focus on expanding capital markets access within alternative credit markets at a time when institutional and insurance investors are actively seeking CLO exposure. Aggarwal stated he is "excited to join the team to deepen relationships with institutional investors, expand the firm's capital markets capabilities, and help drive the next phase of growth across the platform."
Prior to his tenure at Bank of America, Aggarwal served as vice president at Deutsche Bank, where he focused on CLO origination and structuring. Based in New York, he will report directly to Adrienne Butler, Barings' head of global CLOs, positioning the appointment within the firm's established leadership structure for alternative credit.
Adrienne Butler emphasized the strategic rationale for the hire, stating that "as institutional and insurance demand for CLO solutions continues to grow, Ankit's leadership will strengthen our capital formation and new issuance capabilities while further enhancing the value we deliver to clients." The appointment aims to amplify Barings' $55 billion CLO platform, which encompasses broadly syndicated loans, private credit, and infrastructure debt.
In his new role, Aggarwal will collaborate across investment, distribution, and structured credit teams to enhance CLO-related investment capabilities, drive new CLO issuance, and develop strategic capital partnerships. His mandate reflects Barings' broader focus on expanding capital markets access within alternative credit markets at a time when institutional and insurance investors are actively seeking CLO exposure. Aggarwal stated he is "excited to join the team to deepen relationships with institutional investors, expand the firm's capital markets capabilities, and help drive the next phase of growth across the platform."
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