Per Larsson, chief executive of OM Group, the technology company that controls the Swedish stock exchange, saw his bonus fall 80% in 2001.

Larsson received a bonus of Skr10m (€1m) in 2000, a bumper year for OM, but got just Skr2m in 2001. Over the same period, his basic salary rose from Skr3.5m to Skr3.7m.

Michael Hoare

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Dale Walsh will accelerate growth of the private bank and wealth management’s lending business

Northern Trust taps UN pension fund for head of international role

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Pedro Guazo, who joins in August, will also oversee the $1.3tn asset manager’s responsible investment platform globally

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The dollar lost momentum ahead of an expected decline in U.S. job creation, as investors expect the Fed to start cutting interest rates in coming months.

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The tech giant has been ramping up efforts to boost business growth in a bid to defend its place in China’s tech and commerce industries, as well as grow abroad.

Alibaba Readies $7 Billion Boost for Commerce Unit, Plans New Data Centers

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OM chief sees bonus drop 80%

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