The highest-ranking officer at foreign exchange platform FXall is set to reap more than $30m from the company's sale to information giant Thomson Reuters, according to analysis by Financial News.
Phil Weisberg, FXall's chairman and chief executive, stands to gain around $35.4m in the all-cash deal announced by Thomson Reuters yesterday. The data provider said it had entered into a definitive agreement to buy FXall for $22 a share, which values the company at $625m.