Julius Baer Pair Rakes In $120 Million in 9 Months
February 18, 2008
Two senior-level executives with Julius Baer earned compensation packages worth $120 million in the first nine months of 2007, according to a regulatory filing.
Richard Pell, CEO and CIO of the investment management unit, and Rudolph-Riad Younes, head of international equity, together earned compensation packages worth $120 million for the first three quarters of last year. This caused pretax earnings to be reduced by 57% to $92 million, according to one analyst the details of the payouts were revealed in an SEC filing the Swiss firm filed to divest its U.S. asset management unit.
(c) 2008 Money Management Executive and SourceMedia, Inc. All Rights Reserved.