Pru boss set for £7m payout despite FSA censure

Laura Miller
clock

Tidjane Thiam, chief executive of Prudential, is in line for a £7m share jackpot despite receiving a personal rebuke last week from City regulators.

The Financial Services Authority censured Thiam (pictured) and fined the insurer £30m over its controversial failed bid for Asian operator AIA in 2010. The punishments were meted out because Thiam failed to inform the watchdog in good time about the potential £24bn takeover. Thiam is due for the £7m payout - initially awarded in 2010, the year of the ill-fated deal - under a deferred bonus and a long-term incentive scheme that both come to fruition this year, according to the Daily Mail. According to the 2011 annual report, he will receive a £1m salary for 2012, plus a short-term b...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Equities

 CFA Institute's Matt Winters: Reform needed to fix company valuation and financials disconnect

CFA Institute's Matt Winters: Reform needed to fix company valuation and financials disconnect

Intangibles accounting needs improvement

Matt Winters
clock 16 May 2025 • 3 min read
Watch Now: Investment, Talks Global Equities

Watch Now: Investment, Talks Global Equities

How can investors navigate the impact of tariffs and a rapidly changing global economy?

Investment Week
clock 08 May 2025 • 2 min read
UK equities bleed £1.2bn in March while North American peers enjoy best month in a year

UK equities bleed £1.2bn in March while North American peers enjoy best month in a year

Ahead of Trump’s April tariffs

Sorin Dojan
clock 08 April 2025 • 2 min read
Trustpilot
Loading page