Barings BDC, Inc. announced that its Board of Directors has named Eric Lloyd as Executive Chairman of the Board and promoted three of its longstanding senior executive officers. Mr. Lloyd has served as Chairman since 2021 and Chief Executive Officer and Director since 2018. Elizabeth Murray has been promoted to Chief Operating Officer of Barings BDC, where she also serves as Chief Accounting Officer.

In addition to her role at Barings BDC, Ms. Murray serves as the Principal Accounting Officer of Barings Private Credit Corporation, Barings Capital Investment Corporation, Barings Corporate Investors, and Barings Participation Investors. She also serves as the Chief Financial Officer for Barings Global Short Duration High Yield Fund. Ms. Murray previously was the Director of External Reporting for the Company and previously served as the Vice President of Financial Reporting at Triangle Capital Corporation prior to the externalization of the investment management of the Company to Barings LLC.

Prior to joining Triangle Capital Corporation in 2012, she worked in Financial Planning and Analysis for RBC Bank, the U.S. retail banking division for Royal Bank of Canada. Prior to RBC Bank, Ms. Murray spent seven years at Progress Energy, Inc. and held various positions in finance, accounting and tax, most recently in Strategy and Financial Planning. She began her career as a Tax Consultant with PricewaterhouseCoopers.

Ms. Murray is a graduate of North Carolina State University where she obtained a B.S. degree in Accounting and a Master of Accounting degree. She is also a North Carolina Certified Public Accountant. Mr. Lloyd is President of Barings LLC, where he leads and manages cross-asset investment teams, corporate strategy, business development, product management, investment business management, research analytics and quant, permanent capital, special situations, and marketing and communication.

Mr. Lloyd also works closely with all the investment teams at Barings LLC. Prior to his current role, he served as Head of Private Assets. Mr. Lloyd has worked in the industry since 1990 and his experience has encompassed leadership positions in investment management, investment banking, leveraged finance, and risk management.

Prior to joining Barings in 2013, Mr. Lloyd served as Head of Market and Institutional Risk for Wells Fargo, was on Wells Fargo's Management Committee, and was a member of the Board of Directors of Wells Fargo Securities. Before the acquisition of Wachovia, he worked in Wachovia's Global Markets Investment Banking division and served on the division's Operating Committee, where he had various leadership positions, including Head of Wachovia's Global Leveraged Finance Group. Mr. Lloyd is an Executive Sponsor of both the Veteran's and the Out & Allies Employee Resource Groups.

He holds a B.S. in Finance from the University of Virginia, McIntire School of Commerce.