Schroders boss Michael Dobson took home £8.4 million last year.
According to the asset manager’s annual report, this comprised a £2 million increase in his annual bonus, along with the £1.54 million vesting of a long-term share award dating back to May 2010. This complemented a basic salary of £400,000.
The figure is a significant increase on the £4.87 million Dobson (pictured) earned in 2012.
Other big earners included executive vice chairman and global head of distribution Massimo Tosato, who was paid £4.68 million, an increase of around £1.4 million on 2012. His 2013 pay cheque included a £3.6 million bonus, a 32.7% increase on his reward for 2012.
Meanwhile group head of wealth management Philip Mallinckrodt saw his salary increase almost 50% to £1.5 million, with his bonus standing at £700,000.
Commenting on the pay, a spokesperson for Schroders said: '2013 was a record year for Schroders with profits increasing by 41%. Our approach to remuneration ensures pay for performance and aligns the interests of employees, shareholders and clients, with a significant deferral into Schroders shares and funds.
This approach has served the firm well and over the last five years Schroders has delivered a 246% total return for shareholders.'
The acquisition of Cazenove Capital was the major highlight for Schroders in 2013.
The buy helped lift assets under management to £262.9 billion at the end of the year, a jump of around £50 billion on 2012.
The firm registered net inflows of £7.9 billion and delivered a substantial increase in pretax profit from £360 million to £447.5 million.
Investors were rewarded with a 40% dividend increase to 58p per share.
In its outlook statement accompanying its full year numbers posted on the London Stock Exchange earlier this month, the firm was confident it could build on 2013’s success.
‘After a year of strong returns in developed equity markets, 2014 is likely to be more challenging for investors,’ the firm said.
‘However Schroders is well placed for further growth in the long term. We have a highly diversified international business serving institutional, intermediary and high net worth clients with the investment strategies and solutions that they need, competitive investment performance and a proven, global distribution capability.’