N&Q: Compensation at family offices; prominent family back PE group; appointments

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The $2 million packages at family offices

An Institutional Investor survey on compensation levels at US family offices found that executives earned on average around $2 million annually. The survey was based on 185 senior executives of mostly single-family offices, although some managers from multi-family offices were also included. The range went from $55,000 to $8.6 million. More details here.

 

Family back new PE group

The Puig family, who own the eponymous Spanish fashion and fragrance group, have backed a new private equity group called Vaultier7. It has been launched by an all-women team led by Montse Suarez and Anna Sweeting, and will focus on the beauty and personal care, health and wellness and lifestyle sectors. More details here.

 

Senior manager appointed a family-holding group

Chris Corrado has been appointed as chief information officer at MacAndrews & Forbes, the holding company owned by US billionaire Ronald Perelman. Corrado joins from Steve Cohen’s family office, Point72 Asset Management, where he was chief technology officer. More details here.