High-end agency Savills has awarded is group chief executive, Jeremy Helsby, a 44 per cent pay rise as his earnings in pay and perks reached £2.6m in 2013.
Helsby, who joined the firm in 1980, earned £1.8m in 2012. His basic salary in 2013 remained unchanged at £225,000 but the increase in income is down to a £610,000 windfall in shares, available from next month, as well as £363,000 in cash and shares under the firm's existing profits-sharing scheme.
The firm, which has recently labelled itself as an international real estate advisor and has scheduled its AGM for May 12, says in its annual report that it enjoyed "an exceptionally strong finish to the year including a record performance in the UK", where revenues rose 16 per cent and underlying profits soared to £55m.
The firm's 26,000 staff will enjoy a collective bonus pot of £169m (an average of £6,500 each, although there will be wide discrepancies between different levels within the firm). This compares with £138m last year.
Savills currently has 500 offices worldwide.
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Comments
Got to question the mathe though. How can 850 out of 500 offices be in London...