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Enigma Securities Appoints Barry Finkelstein as Global Head of Investment Banking

/PRNewswire/ -- Enigma Securities ("Enigma"), a full-service financial services firm for digital assets liquidity and advisory, today announced the appointment...

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Terry Smith's knockout payday caps journey from East End underdog to City champ


Terry Smith's knockout payday caps journey from East End underdog to City champ
In just over a decade since the Square Mile boss launched his 'Ryanair of asset management' flagship fund it has become Britain’s largest
14 April 2021 • 6:00am
Terry Smith, one of Britain's best-known fund managers, has bagged a bumper payday of up to £125m after a record profit at his investment firm.
The entrepreneur's business Fundsmith generated profits of £48.5m in the year to March 2020, up from £26.4m the year before - entitling the fund manager to £29.7m, a 61pc share.
Ballooning payments from the British business to its Mauritius outpost mean that Smith, a resident of the Indian Ocean island, could have received a far higher figure even than this. Mauritius-based Fundsmith Investment Services Limited charged the business £158m during the year, up from £116m over the previous 12 months.

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