Ex-Barings Boss Fails to Halt Suit Over Poached Bankers’ Bonuses

The former co-head of global private finance at Barings failed to block his ex-employer’s £6.3 million ($8.5 million) lawsuit that alleged he plotted a mass defection of the firm’s credit staff the day after their bonuses were paid.

A London judge declined Adam Wheeler’s request to toss out the claim by Baring Investment Services Ltd., a UK subsidiary of the firm. The asset manager sought to claw back bonuses paid out to staff in 2024 who later joined Nomura-backed Corinthia Global Management Ltd.

Wheeler helped stage “one of the largest corporate raids at an asset manager in ...