This Australian executive is taking on a US private investment giant

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 90%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

As chairman of Cromwell Property Group, Paul Weightman saw plenty of corporate jousting. Now the Corinthia Global Management founder is staring down Barings.

As chairman of Cromwell Property Group, Paul Weightman saw plenty of corporate jousting. Now, having stepped down from the ASX-listed property group and founded Corinthia Global Management, Mr Weightman has managed to get under the skin of one of the world’s largest investors: Barings.

Barings has since launched legal action against Corinthia and certain exiting senior staff. It has accused Corinthia of attempting to use their employees, processes, methodologies, and clients to set up its own business. “We’d hoped that Barings would see that as being in the interests of investors to do that. So I think we were a little surprised that they didn’t take advantage of that.”

“Barings is owned by a large life insurance, a mutual company the private credit business is a more entrepreneurial business.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Office property market: Why even Howard Marks is wary of office propertyThe Oaktree Capital co-founder loves distress, and says there will be plenty in the office market. But there’s one big reason he’s cautious about investing.
Source: FinancialReview - 🏆 2. / 90 Read more »

Increase in Cash Buyers in Australian Property MarketMore than one in four residential properties purchased in New South Wales, Victoria, and Queensland last year were paid for entirely with cash by older Australians, making them immune to interest rate hikes and propping up the housing market.
Source: abcnews - 🏆 5. / 83 Read more »