Old Mutual Wealth CEO Paul Feeney is in line for a bonus package of nearly £400,000, according to plans formalised today.
Parent company Old Mutual has set up a bonus pool of 193,534 ordinary shares, currently valued at £2.1m, to reward staff if goals are met. Feeney himself is in line for £369,750 of the bonus pot. In a statement, Old Mutual said the bonus scheme "will reward success by linking awards to the growth in value of the Old Mutual business through quality and sustainable earnings." Feeney (pictured), who was appointed CEO in September 2012, will be eligible for the payout after a three-year vesting period. Before joining the firm, he was executive director and head of distribution at BNY M...
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