Wilbury Partners conducted a salary survey in Autumn 2011 to collate information about current compensation packages within the Asset Management market. We engaged with:

• Legal Managers (responsible for at least one other lawyer and reporting into the Head of Legal)
• Head of Legal/Sole Counsel
• General Counsel (UK or EMEA level)

Summary of findings:

• Seniority followed an uplift pattern.
• No respondents at Legal Manager level received deferred cash options.
• At General Counsel level, remuneration becomes much more bespoke and complex with a greater element of deferral.
• Compensation appeared to be higher in institutions linked to investment banks and corresponded to a higher deferred cash element.
• Location was not a factor in remuneration packages at any level of the hierarchy.

Download a PDF of the full salary survey

The research objectives were to:

• understand how Operational Risk teams may change over the next 12-18 months
• survey senior Risk professionals’ expectations regarding compensation over the next 12-18 months
• understand the future of Operational Risk professionals within Financial Services

Summary predictions from respondents:

• 62% believe the value of the Operational Risk practitioner will continue to increase over the next 12-18 months
• 43% believe the size of their Operational Risk team will increase over the next 12–18 months
• 67% are expecting a rise in their compensation package over the next 12 months
• 45% believe there are likely to be more Risk professionals promoted to Board level positions

Click here to view the full results