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...Vandevelde, 73, is presently a director at the company and will replace chief executive Fabien Simon at the start of April on an interim basis and lead a search for a new CEO....
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...If approved, Schwimmer’s £11mn package would make him one of the highest paid chief executives of a UK-listed company....
...The 64-year-old was handed £16.9mn last year after hitting most long-term targets, making him one of the best-paid CEOs on the blue-chip index....
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...Twenty-one countries have signed up to the initiative....
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...KKR has prioritised growth in Asia and Japan has become one of its largest investment areas globally....
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...The UK is struggling with high turnover among chief financial officers and can ill-afford for the problem to spread....
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...JPMorgan Chase chief Jamie Dimon had a one-on-one lunch with US vice-president Kamala Harris at the White House last week, according to people familiar with the matter....
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...One of the reasons for the size of his remuneration in 2021 was the company giving him a one-off payment of $10mn....
...In deciding Fraser’s pay, Citi said the compensation committee at its board of directors had also considered “competitive market levels of pay for CEOs of peer institutions”....
...JPMorgan’s Jamie Dimon, whose bank reported record profits for 2023, had his pay rise about 4 per cent to $36mn, while Morgan Stanley’s James Gorman, who stepped down as CEO at the start of 2024, was paid...
...“[W]hen we took folks in from Putnam, one of the areas where we added most significantly . . . [was] retirement and somewhat in the insurance channel as well,” Spector said....
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...The Ministry of Finance therefore wishes to gather more information about both financial and non-financial aspects of such investments....
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