The Prudential has paid the Chief Executive, Tidjane Thiam £4.7m for the year 2010, which includes performance related share dealings of previous years.

According to the Prudential’s annual report, it has been revealed that Thiam will get an annual bonus of 2010 of £1.57m, and will also get £2.1m for a long-term investment plan of M&G. Thiam will receive an amount of £225,00 for the pension purposes after retirement. The money paid will be above the Thiam’s £900,000 salary.

Thiam agreed with the Prudential’s Remuneration Committee on the proposal that bonus will be converted into shares and postponed for three years. Normally Thiam receives only half of the annual bonus cash immediately.

Prudential Remuneration Committee Chairman, Bridget Macaskill said, “After careful consideration, the committee used its discretion to take the cost of the AIA transaction fully into account in determining the results to be used for bonus purposes”.

The result after all AIA transaction costs decided the bonus for all executives.

Thiam and Prudential Chairman, Harvey McGrath said that 2009 has proved to be an excellent year in the market and has delivered outstanding performance.

He added that the quality of employees, strategy of the company, strengths of the brand will surely lead the company to deliver outstanding results and profitable growth with sustainable value for shareholders.