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Baring

(bâr`ĭng), British family of bankers. Sir Francis Baring (1740–1810) founded (1763) the John and Francis Baring Company, which he renamed Baring Brothers and Company in 1806. At first the firm acted as import and export agents for others, but it soon became an independent merchant bank. Sir Francis, a close associate of William Pitt the Younger, helped finance the Napoleonic Wars and underwrote marine insurance. He was succeeded by his son Alexander Baring (later 1st baron Ashburton; 1774–1848), who was a pioneer in the financing of United States trade. He was (1834) president of the Board of Trade in the first administration of Sir Robert Peel and was raised to the peerage in 1835. He was the British commissioner sent to the United States in 1842 to negotiate the Webster-Ashburton TreatyWebster-Ashburton Treaty,
Aug., 1842, agreement concluded by the United States, represented by Secretary of State Daniel Webster, and Great Britain, represented by Alexander Baring, 1st Baron Ashburton.
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. The family continued to manage the firm and by 1890 its importance to the British government was such that the Bank of England guaranteed their debts to save them from bankruptcy when Argentina defaulted (1890) on bond payments. Members of the Baring family were also notable public servants. The more important members of the family include Thomas George Baring, 1st earl of Northbrook (1826–1904), a Liberal statesman who served as a successful viceroy of India (1872–76); Evelyn Baring, 1st earl of CromerCromer, Evelyn Baring, 1st earl of
, 1841–1917, British administrator in Egypt. Appointed (1877) first British commissioner of the Egyptian public debt office, he directed investigations by France and England into
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; Maurice BaringBaring, Maurice,
1874–1945, English author. After a career in the diplomatic service, he turned to journalism in 1904. A war correspondent during the Russo-Japanese War, he wrote several books on Russia, including A Year in Russia (1905–6) and
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 (1874–1945), author; and George Rowland Stanley Baring, 3d earl of Cromer (1918–91), governor of the Bank of England (1961–66) and ambassador to the United States (1971–74).

Bibliography

See R. W. Hidy, The House of Baring in American Trade and Finance, 1763–1861 (1949).

baring

[′ba·riŋ]
(geology)

Baring

Evelyn, 1st Earl of Cromer. 1841--1917, English administrator. As consul general in Egypt with plenipotentiary powers, he controlled the Egyptian government from 1883 to 1907
References in periodicals archive ?
BOSTON, July 28, 2014 /PRNewswire/ -- Baring Asset Management is proud to announce that as of May 31, 2014 its International Small Cap Equity strategy has not only reached its five year milestone, but also has outperformed its benchmark index over the following one-, three- and five-year periods.
At Barings, Dunham will be responsible for managing a range of global and aggregate portfolios for institutional clients and in the management of global pooled bond funds.
Two asset classes where Barings sees particular investment potential are new energy opportunities and healthcare companies.
Al Noor Hospitals, for instance, is one of the largest private healthcare providers in the United Arab Emirates and a core holding in the Baring Frontier Markets Fund.
Barings launched its Frontier Market Fund in April this year, investing in markets outside developed and emerging market benchmarks.
Emerging European Equities at Barings, who is the existing back up portfolio
Born in Watford to working-class stock, he worked his way up the ladder to get a job as a trader for Barings, Britain's oldest bank.
The accountants had been cleared of the major part of the pounds 1 billion claim in November 2001 when Mr Justice Evans-Lombe struck out the case against D&T by Barings plc and Barings Securities, leaving the accountants facing just the case launched by Barings Futures (Singapore).
Up until last October, Acacia Realty Advisors was known as Barings Advisors and owned by Barings PLC.
James Syme, Head of the Global Emerging Equity team at Barings, comments: "There is still a strong long-term growth story in emerging market equities - valuations remain attractive and are sitting well below long term averages so now is a good time to invest in these markets.
Moreover, since many of these companies are not widely followed by investment analysts, Barings believes this is an environment in which it is possible for active managers to add significant value by identifying miss-priced investment opportunities in regional equity markets.
responsibility for the Company's portfolio when Stuart Richards leaves Barings.