BANKING & FINANCE - April 4, 1995

2 Barings Executives Quit: Internationale Nederlanden Groep, the Dutch conglomerate that now owns the 233-year-old British investment bank, said it accepted the resignations of Chairman Peter Baring and Deputy Chairman Andrew Tuckey. Peter Baring was the last member of the Baring family to run the bank. The men resigned both from Barings and as members of management committees that ING set up to temporarily run the business. Tuckey will stay on as a senior adviser to Barings’ corporate finance business. “With ING now established as the new owners of Barings and with the individual businesses in the group returning to normal, ING and we have agreed that the time has come for us to resign,” the men said in a statement.