Financial Times FT.com

$1bn windfall on the cards for BGI staff

By Jane Croft, Martin Arnold and Peter Thal Larsen

Published: May 15 2009 20:27 | Last updated: May 15 2009 20:27

Senior staff at Barclays Global Investors could potentially find themselves with shares worth $1bn if Barclays decides to sell off the asset management arm.

The bank has been running a sale process for iShares, its fast-growing exchange-traded funds unit, for several weeks. On Friday, following a Financial Times report, it confirmed it had received unsolicited offers for the whole of BGI, including one from US money manager BlackRock.

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