Unveiling 2023 Family Office Compensation Trends A Closer Look at the KPMG Australian Family Office Compensation Benchmark Report In today’s financial landscape, where wealth management and family offices play a crucial role, the KPMG Australian Family Office Compensation Benchmark Report for 2023 offers valuable insights into the compensation dynamics within this sector. This report shines a light on the compensation packages of CEOs and CFOs in family offices, revealing intriguing trends and a notable gender imbalance.
Gender Disparity Persists as CEO and CFO Salaries Shine Key Insights from the Latest Report
According to the report, the compensation landscape for CEOs in family offices is marked by significant disparities. The top earners among CEOs pocket between $396,000 and $500,000 annually, highlighting the lucrative nature of leadership roles in these organizations. Meanwhile, CFOs, another key leadership position, are not far behind, with salaries ranging from $330,000 to $396,000, reflecting the critical financial responsibilities they shoulder.
However, beneath these impressive figures lies a concerning trend: the family office sector remains predominantly male-dominated. The report reveals that a staggering 92% of CEOs in family offices are male, indicating a persistent gender gap at the highest levels of leadership. Similarly, 88% of the overall family office personnel are male, underscoring the need for greater diversity and inclusion within the sector.
The KPMG Australian Family Office Compensation Benchmark Report 2023 is a must-read for anyone interested in understanding the intricate compensation dynamics within family offices. It not only sheds light on the handsome salaries that CEOs and CFOs command but also serves as a reminder of the work that remains to be done in achieving gender equality within this influential sector.
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