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.