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Marex proposes $10.4m package for CEO after New York IPO

City Correspondent

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Marex is seeking a multimillion-dollar pay rise for its chief executive after the London-based trading services provider listed in New York last year.

Under a new set of pay proposals, CEO Ian Lowitt’s annual remuneration could rise to $10.4m if he achieves the maximum payout from his bonus and long-term incentive plan.

London-based firm chose US over its home market for public debut last year

Lars Mucklejohn

Business

C-Suite

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Milbank hires private equity M&A rising star in Germany

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

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The private-equity firm’s profit rose amid what its executives called the best environment for selling assets in years.

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The appointment rewards the executive who led the bank back from a scandal involving the creation of millions of fake customer accounts.

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The New York investment firm posted a profit of $472.4 million, compared with $667.9 million a year earlier.

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The London-based bank said it is well on its way to achieving the target of returning at least $8 billion to shareholders over the three years ending in 2026.

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