Andrea Nitzan
About Andrea Nitzan
Andrea Nitzan (age 57) serves as Principal Accounting Officer of Barings Corporate Investors (MCI) and Barings Participation Investors (MPV) since 2023; she is Managing Director and Chief Accounting Officer at Barings (since 2020) and Treasurer of the Barings Global Short Duration High Yield Fund (since 2023) . Officer compensation for the Trusts is paid by Barings under service contracts; the Trust proxy statements do not itemize officer base salary, bonuses, or equity awards, limiting visibility into pay‑for‑performance specifics at the Trust level .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Barings LLC | Managing Director & Chief Accounting Officer | 2020–present | Not disclosed in proxy |
| CI Subsidiary Trust & PI Subsidiary Trust | Principal Accounting Officer | 2023–present | Not disclosed in proxy |
| Barings Global Short Duration High Yield Fund | Treasurer | 2023–present | Not disclosed in proxy |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Barings Global Short Duration High Yield Fund (closed‑end investment company) | Treasurer | 2023–present | Not disclosed in proxy |
| CI Subsidiary Trust & PI Subsidiary Trust | Principal Accounting Officer | 2023–present | Not disclosed in proxy |
Fixed Compensation
- Officer compensation for MCI and MPV is paid by Barings under the Investment Services/Advisory contracts; the Trusts do not report officer base salary, target bonus, actual bonus, or equity grant values in proxy statements .
Performance Compensation
- Proxy statements do not disclose incentive plan structures, performance metrics (e.g., revenue/EBITDA growth, TSR), vesting schedules, or payout outcomes for Trust officers; compensation details are administered by Barings and not itemized at the Trust level .
Equity Ownership & Alignment
- Independent Trustee ownership guideline: each Independent Trustee must invest one year’s worth of trustee fees (excluding committee fees) in shares of one or both Trusts, with a three‑year phase‑in for new Trustees; this policy applies to Trustees and not officers .
- Beneficial ownership determinations follow Exchange Act Rule 16a‑1(a)(2); proxies disclose group‑level officer/trustee ownership and individual trustee dollar ranges; officers’ individual holdings are not itemized in recent filings .
Group Beneficial Ownership Trend (Trustees and Officers, % of MCI)
| Metric | 2016 | 2017 | 2020 | 2021 | 2022 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Group beneficial ownership (% of MCI shares) | 1.43% | 1.28% | 1.58% | 1.78% | 1.76% | 2.17% | 1.95% |
- As of March 17, 2025, Barings (investment adviser) beneficially owned 1.07% of MCI’s outstanding shares; as of March 18, 2024, 1.08% .
Employment Terms
- Role and tenure: Principal Accounting Officer of the Trusts since 2023; Managing Director & Chief Accounting Officer at Barings since 2020; Treasurer at Barings Global Short Duration High Yield Fund since 2023 .
- Officers serve until a successor is elected and qualified; no fixed term or expiration is disclosed for officer positions .
- Compensation and expenses of Trust officers are paid by Barings under service contracts; no severance, change‑of‑control, or clawback provisions are disclosed for Trust officers in the proxy statements .
Investment Implications
- Pay‑for‑performance assessment at the Trust level is constrained: officer compensation is paid by Barings and not itemized in Trust proxies, so base/bonus/equity mix, performance metrics, vesting schedules, and severance economics for Andrea Nitzan are not observable from Trust filings .
- No individual beneficial ownership disclosure for Andrea Nitzan is provided; only group‑level officer/trustee ownership is reported, limiting evaluation of personal “skin‑in‑the‑game” and potential selling pressure tied to vesting .
- Governance alignment exists at the Board level via the Independent Trustee ownership requirement, but this policy does not extend to officers; investors should view alignment primarily through trustee holdings rather than officer equity disclosures in Trust filings .