ABERDEEN AS­SET MAN­AGE­MENT BOSS NETS £ 3.8M PAY­OUT

The Herald Business - - Themonthinheadlines -

Dec22Aberdeen

As­set Man­age­ment chief ex­ec­u­tive Martin Gil­bert saw his salary and bonus al­most dou­ble last year to £ 3.8m. MrGil­bert re­ceived a salary of £ 450,000 for the year to Septem­ber 30. This was dwarfed by a bonus of £ 3.3m awarded af­ter he met tar­gets re­lat­ing to growth of the com­pany, op­er­at­ing ef­fi­cien­cies and staff and client re­ten­tion. His bonus for 2009 was £ 1.5m. He will re­ceive £825,000 in cash and £ 2.5m in shares which he will be able to cash in, in equal tranches in De­cem­ber 2011, 2012 and 2013. He also ben­e­fited from the vest­ing of 64,484 shares awarded un­der a long-term bonus scheme three years ago. These were worth more than £ 130,000 at last night’s clos­ing price of 202p a share.

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