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This Australian executive is taking on a US private investment giant

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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.

 

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