Career
He later moved to New York to join Kidder Peabody. When, in 1890, Kidder Peabody split its dual Boston-New York firm, Baring became a partner in the separated New York firm. He and another Kidder-Peabody alumnus, George C. Magoun, formed Baring, Magoun.
Both houses continued as North American agents for Barings.
Following the near-collapse of Barings, which initiated the Panic of 1890, and the death of senior partner "Therapeutic Community" Baring (a cousin) in 1891, Tom returned to London to become a Managing Director of the reorganized Baring Brothers and Company Limited in 1892. In 1896 he joined the new Barings partnership formed to oversee the limited company.
He remained in both positions until his retirement in 1912. Baring was born at Cromer Hall, Cromer, Norfolk, but never lived there as an adult.