Amigo boss gets golden hello worth up to £2.2m

AMIGO’S new boss is getting a golden hello of up to £2.2m.

Hamish Paton will get £1m in shares from the high-interest lender to compensate for bonuses he gave up when he left rent-to-own retailer Brighthouse.

Another £325,000 cash payment will go towards the cost of moving his family closer to Amigo’s head office in Bournemouth.

And he will be handed up to £800,000 in his first longterm bonus payment after the lender announces quarterly results next month, with the final value depending on its performance.

Paton – who joined Amigo in May as chief commercial officer before being promoted – will be on an annual pay package of up to £1.8m.

He previously worked for scandal-hit Brighthouse, which sells white goods such as fridges to struggling customers in exchange for monthly payments.

Brighthouse has been repeatedly criticised for saddling vulnerable consumers with huge charges, and is facing a crackdown from the City watchdog.

Paton served as a senior executive in charge of trade and marketing before becoming boss in 2016.