Cromwell Property Group has picked as its next chief executive Jonathan Callaghan, who previously led Investa, as the Brisbane fund manager regroups following a drawn-out dispute with its largest shareholder.

Mr Callaghan stepped down from the top post at Investa only last month – he was succeeded by Peter Menegazzo – after 14 years at the firm, including as chief executive since 2016. He is to begin work at Cromwell no later than January 1 next year.