Alternative asset manager ramps up pay to £1.6m a head
Pamplona Capital Management, the alternative asset manager that is advises on a fund backed by Russian billionaire Michail Fridman’s Alfa Group, has ramped up pay for its partners following a year of expansion.
The firm paid its 21 partners an average of £1.6m last year, according to accounts filed on Companies House today, up from £1.2m in 2012 following a £9.7m increase in profits to £29.8m. Away from the senior level, it allocated £4.6m for its 33 employees, or an average payment of £139.3k.
Pamplona has been building its energy advisory team over the past few months. Joao Saraiva e Silva left Carlyle Group after less than four months to lead a new Pamplona’s energy team, while Ekaterina Zotova, who was head of Citigroup’s international acquisitions and divestments team within the bank’s oil and energy division, also joined as a principal earlier this year.
Zotova has a background working for large energy companies – having spent much of her career working for Shell – which is reflective of the background Pamplona has recruited from. In April, Francis Sommer joined the firm as a partner in its London office, having previously spent over seven years working for TNK-BP in Russia.
Pamplona said that it has 20 code staff, five of whom are in senior management. The executives were paid £4.9m, according to the accounts, while the remaining 15 code staff shared £4.7m.
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