The chief executives of some of the world’s largest asset managers were forced to take pay cuts worth millions of pounds in 2018, as the investment industry suffered one of its worst years on record, according to analysis by Financial News.
Top bosses at Man Group, Jupiter Fund Management, Standard Life Aberdeen and Schroders had their pay packages crunched after they failed to substantially increase assets under management and revenues. All four investment companies experienced double-digit share price falls last year.
