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Balfour nets £109,000 from GIM takeover

Glasgow Investment Managers chief executive Mike Balfour netted a £109,000 profit from its takeover by Aberdeen Asset Management last year thanks to an unusal share option arrangement, it emerged yesterday.

Glasgow Investment Managers chief executive Mike Balfour netted a £109,000 profit from its takeover by Aberdeen Asset Management last year thanks to an unusal share option arrangement, it emerged yesterday.