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Benchmark CEO pay against global rivals, Rathbones multi-asset boss says

David Coombs comes to the City’s defence after backing $11.8m pay packet for Smith & Nephew chief

‘Fat cat’ pay continues to face political scrutiny, but top City voices say fair remuneration is key to holding on to talent in London’s sputtering markets
‘Fat cat’ pay continues to face political scrutiny, but top City voices say fair remuneration is key to holding on to talent in London’s sputtering markets Photo: Carl de Souza/Getty Images

Pay for bosses at Britain’s biggest companies should be benchmarked against global rivals to stay competitive, Rathbones Asset Management’s multi-asset boss has said.

David Coombs told Financial News investors should assess executive remuneration on a case-by-case basis. But in certain sectors such as pharmaceuticals, maintaining a level playing field with peers in the US and Europe is more relevant.

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