Equity rally fueled big pay rises for asset managers in 2019

Strong equity markets boosted returns for fund houses last year. The median pay for asset management staff – including bonuses - was up by 16.4 percent, according to new benchmarking figures.
Strong equity performances secured asset managers solid pay rises last year. | Photo: Richard Drew/AP/Ritzau Scanpix
Strong equity performances secured asset managers solid pay rises last year. | Photo: Richard Drew/AP/Ritzau Scanpix

Asset management staff received bigger pay rises than investment bankers in 2019 due to buoyant stock markets, the Financial Times reports.

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