UK
Salary survey: Asset managers should start career in UK, then move to Singapore
Asset managers in the UK earn significantly higher bonuses than their US counterparts, giving them slightly higher compensation overall, a survey shows. Total annual pay for all UK fund managers is $200,000 on average compared to $190,000 for their US counterparts, the 2001 survey says. It was compiled by the Association for Investment Management and [...]
Salary survey: pay surge for portfolio managers
Portfolio managers’ salaries and bonuses have risen sharply in the past year, a survey of UK private banking by Monks Partnership, the remuneration advisers, shows. Monks said the pay increases showed that banks were trying to attract more high net worth clients. They were providing increasingly sophisticated investment services, and this had led to more [...]
How much am I worth? MD, Head of Convertible Bonds, Europe
A panel of specialist headhunters give their assessment of typical pay packages: Salary of MD, Head of Convertible Bonds, European Sales and Trading: 90,000 – 150,000, with bonus of 200% – 600%+ of salary People at this level will be expert salesmen (or, in a handful of cases, saleswomen) with perhaps a decade’s experience. Typically, [...]
Salary survey: Slower growth in fund management pay
Salaries in a range of asset management roles have stayed flat or risen only marginally in the past year, failing to match the rapid increases of previous years, a survey shows. Jo Ellis, a manager at the recruitment firm Citipeople.com, which conducted the survey, said growth had slowed both because of weak market conditions and [...]
Crédit Lyonnais faces trouble with unions
Joel Jeuvell, head of the capital markets division at Crédit Lyonnais in London, is at the centre of a row with the powerful French trade unions. The unions are up in arms because two senior staff in the capital markets business at Crédit Lyonnais received a combined bonus of FFr112m (€17.1m), not far short of [...]
Salary survey: Top IT directors’ pay almost doubles
Earnings of top IT directors in City of London financial institutions have almost doubled in the past year, a survey by the search firm Harvey Nash shows. The best paid quartile of IT heads received an average of 427,000 in salary plus bonus in the year ending early in 2001, up from 230,000 last year. [...]
How much am I worth? Assistant manager, project finance
A panel of specialist headhunters give their assessment of typical pay packages: Salary of assistant manager, project finance:35,000-60,000, bonus 10% – 75% Project finance has been coming into its own. Ten or 15 years ago it tended to be "at the very end of corporate finance, down by the dog basket," says Mark Horlock, head [...]
Salary survey: Investment bankers’ pay increases moderately
Salaries and bonuses at all levels of investment banking have risen slightly in 2001 compared to last year, according to a survey by Citipeople, the online recruitment firm. Sarah Coole of Citipeople said: "Bonuses are not as predictable. Guaranteed bonuses being offered only a year ago are not as readily available as they were, except [...]
How much am I worth? European equities analyst, TMT
A panel of specialist headhunters give their assessment of typical pay packages: Salary of European equities analyst, TMT: 70,000-175,000, bonus 50,000 to packages well above 1m The range of remuneration for equities analysts is enormous, and especially so in the volatile sector of technology, media and telecoms (TMT). The biggest factor that make the difference [...]
Bischoff nets $10m payout
Sir Win Bischoff, chairman of Citigroup Europe, is being paid a $10m (€11.1m) package over three years as part of his lock-in agreement with the giant US financial institution, following its acquisition of Schroders last April. The payout is in addition to the 5m (€8m) payoff from Schroders – a cash bonus to reward him [...]
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