RSA Investments has introduced a share ownership scheme for employees as the first step towards a po...
RSA Investments has introduced a share ownership scheme for employees as the first step towards a potential flotation or sale of the business, writes Fiona Henderson.
The scheme will have a five year life which will reward participating members assuming financial targets are met, according to William Russell, director, retail funds.
He added: 'The rewards, which are related to the performance of the investment company, will hopefully help us retain and attract new talent.'
Currently, it is envisaged that the scheme will end on a set date in five years time, said Russell.
RSA Investments has also restructured the business in order to separate the institutional and retail division.
Russell said: 'We have reshaped the structure of the business to reflect our greater focus on distinct retail and institutional markets.'
A series of managing directors at the group have had their jobs refocused.
Nick Criticos, previously MD asset gathering, becomes MD retail business. Richard Johnson, formerly head of investment management, takes on institutional business.
Robert Talbut is now MD, investment management, taking wider responsibility for investment management than his previous role as MD worldwide equities.
'Right thing to do'
£69m spent on upgrades
European fintech market 'underserved'