Top Executives in Standard Life and Aberdeen to Share £35m Bonus Pot
Some of the top asset managers in Standard Life and Aberdeen Asset Management will get to share a £35m bonus pot after the merger. This retention bonus is meant to prevent the top asset managers from quitting during the deal.
“This retention bonus is meant to prevent the top asset managers from quitting.”
Such payouts are regularly used in asset management deals and Aberdeen has used them in the past to keep staff on board when it has made acquisitions.
News Source: Financial Times
About Standard Life Investments
Standard Life Investments is a leading asset manager with an expanding global reach. Standard Life Investments manages £269.0 billion* on behalf of clients worldwide. Our investment capabilities span equities, bonds, real estate, private equity, multi-asset solutions, fund-of-funds and absolute return strategies. Headquartered in Edinburgh, Standard Life Investments employs more than 1,100 talented professionals. We maintain a presence in a number of locations around the world including Boston, Hong Kong, Paris, London, Beijing, Sydney, Dublin and Seoul. In addition, we have close relationships with leading domestic players in Asia, including HDFC Asset Management in India and Sumitomo Mitsui Trust Bank in Japan.
- Origin: Edinburgh, United Kingdom
- Assets: 269 billion GBP
- Revenue: 8.892 billion GBP
- Employees: 6,500
Official Website: www.standardlifeinvestments.com
News & Media: Press Release
Updated on 8th August 2016