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RBS execs to divvy up £6m in share awards

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RBS execs to divvy up £6m in share awards

A handful of Royal Bank of Scotland executives are to share rewards of up to £6 million - just weeks after the bank's stinging £390 million rate rigging fine.

According to The Times, the share awards will be divided up among a small number of staff, but could stoke further controversy coming in the wake of the penalty from UK and US regulators.

Moreover, the staggering messages about Libor manipulation at RBS - including internal notes like 'It's amazing how Libor fixing can make you that much money' published on the CFTC website - are still fresh in the minds of shareholders and members of the public.

Stephen Hester, the bank’s chief executive, could also come under pressure for the £780,000 of shares he is due to receive next month.

Although Hester (pictured) will take delivery of the shares in March, they form part of his 2010 bonus award.

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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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