BONUSES for restructuring and insolvency professionals are set to reach 15% of salary, research has revealed.
Directors in this sector are likely to pull in an average bonus of about £11,000 each in 2011, according to studies from recruiters Marks Sattin.
“The insolvency and restructuring sectors are growing as a result [of the recession] and in the resulting war for talent, remuneration packages are on the rise with an increased opportunity for bonus,” said Shaila Verma, (pictured) executive consultant of the insolvency division at accountancy and finance recruiter Marks Sattin.
She added: “So while salaries for the majority have grown relatively modestly, bonuses will rise sharply as employers manage the best people to look after the rapidly growing workloads.”
Insolvency and restructuring specialist numbers are expected to grow 25% to 2,550 in 2011, up from 2,030 in 2010.
Mazars has announced the appointment of Michael Tripp as the new head of financial services
A new leader, Darra Singh has been appointed to lead EY’s UK government and public sector practice
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Carter Backer Winter has acquired Edwards Financial Services, expanding its financial planning department