Chief executive Brian Benari will be paid $1.5 million a year following the $1.6 billion merger of the homegrown investment bank and the listed asset manager.

Chief executive Brian Benari will be paid $1.5 million a year following the $1.6 billion merger of the homegrown investment bank and the listed asset manager.

Deal makers Matthew Grounds and Guy Fowler are sitting on significant stakes following the $1.6 billion merger Barrenjoey and Magellan Financial.