Tuesday, 22 July 2014
Last updated 9 hours ago
Mar 25 2014 | 3:03pm ET
The Man Group was the second-most generous British fund manager last year, according to a new report.
The Financial Times said that Man paid staff an average of £232,000 last year, behind Allianz Asset Management, which paid out an average of £436,000 in 2013. Henderson Global Investors was third, at £215,000.
All three topped the average banker take-home, which was £212,000 last year, according to PricewaterhouseCoopers.
Jupiter Asset Management, GAM, BlackRock, Schroders and Aberdeen Asset Management each fell just below £200,000 in average compensation.
“Overall, the picture is pretty rosy for everyone,” PwC’s Tim Wright said. “The days of salary freezes are gone and salary increases are commonplace for most people across all levels in the industry.”
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…