Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:It Is a Really Good Time To Be a CEO in Asset Management Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, May 20, 2014

It Is a Really Good Time To Be a CEO in Asset Management

News summary by MFWire's editors

Fundster CEO pay (especially at privately held shops) is on the rise, though it's not keeping pace with the stock market.

In a Financial Times article by Madison Marriage, Jeanne Branthover, managing partner at executive search firm Boyden, says that last year average fund firm CEO pay (across both publicly traded and privately held shops) jumped up 15 percent last year to $18 million to $20 million.

"Asset management companies do not want to lose these [CEOs] so they are retaining them through compensation," Branthover told the FT. "It is a really good time to be a CEO in asset management -- that is the bottom line."

That 15-percent jump in fundster CEO pay lagged the S&P 500's 26.39-percent rise in 2013. Yet the pay increase is in line with the pre-tax profit increase of 15 percent, Tim Wright, PwC rewards practice partner, described to the FT.

The FT also highlighted top CEO pay for publicly traded fund firms, and in doing so the paper hints at a compensation dichotomy: publicly traded fundster CEOs seem to be earning less than their counterparts at privately held shops. Of the five top public fund shop CEOs mentioned, only one, BlackRock's [profile] Larry Fink, beat out the average fund firm CEO pay range of $18 million to $20 million mentioned by Branthover. Fink's pay climbed 12 percent last year.

The other top paid public fund firm CEOs listed in the article were Invesco's [profile] Marty Flanagan ($15 million, up 20 percent), Schroders' [profile] Michael Dobson ($14 million, up 71 percent), Franklin Resources' [profile] Greg Johnson ($12.1 million, down 1.5 percent) and Aberdeen's [profile] Martin Gilbert ($8.6 million, up 7 percent). 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2018
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use