Tuesday, 3 March 2015
Last updated 51 min ago
Mar 14 2014 | 10:54am ET
Man Group has rewarded CEO Emmanuel Roman for its turnaround.
Roman received a US$2.3 million bonus on top of his US$1 million salary last year. In 2012, the former GLG Partners executive received no bonus.
Last year was Roman’s first at Man’s helm. He moved to aggressively cut costs and restructure the firm’s management, achieving Man’s first increase in earnings and share price in four years. He could have received an even larger bonus, but Man fell short of its revenue and earnings targets.
Man CFO Jonathan Sorrell also got a raise, thanks to a US$1.9 million bonus. Sorrell’s total compensation of US$2.6 million was 42% higher than in 2012.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…