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Pru chief takes home £8.7m in 2013

Pru chief takes home £8.7m in 2013

Prudential chief Tidjane Thiam was only the insurer’s third-highest paid employee, with 10 of its senior team awarded a total pot of £72 million.

The FT reported that the chief's total pay package of £8.7 million was overtaken by the £11.7 million package awarded to Mike Wells, who runs Prudential’s US business, while an unnamed individual who sits on the board was paid £17.5 million.

Prudential disclosed its remuneration report on the same day as Old Mutual, which revealed that Julian Roberts, chief executive, and outgoing finance director Philip Broadley were paid a combined total of £7.83 million.

Pru's remuneration report showed that two of the Pru’s five best paid employees were not directors. The second, unnamed, individual received a package of £7.5 million.

The FT pointed out that while Wells was the highest paid executive, his annual base salary is a third lower than Thiam's.

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Profile: The opportunity set that attracted Brett Williams to wealth management

Profile: The opportunity set that attracted Brett Williams to wealth management

Brett Williams is best known for helping to build some of the biggest platforms in the IFA market.He made the move over to wealth management to head SEI’s UK business earlier this year in the belief that this is where the best opportunities now lie.

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