Groups give go-ahead for £4.4m retention package for key employees following acquisition of beleagured fund house
Henderson has agreed a £4.4m remuneration package with New Star to lock in between 15 and 20 key members of staff at the proposed enlarged entity. New Star's current chief executive Howard Covington has revealed the two groups have jointly compiled a list of crucial staff earmarked for retention, with the candidates set to be informed over the next few weeks. Individuals included in the plan have not been disclosed, but key members of the fund management and sales teams, including Tim Steer, Richard Pease and Guy de Blonay, are rumoured to be in the frame. Subject to the successful re...
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