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The Guardian - UK

Business

Julia Kollewe

Wellcome Trust charity criticised over £11m in payouts to investment team

Henry Wellcome United States Julia Gillard United Kingdom

A scientist works in the immunology and microbiology area at KEMRI-Wellcome Trust laboratories in Kilifi, Kenya. — A scientist works in the immunology and microbiology area at KEMRI-Wellcome Trust laboratories in Kilifi, Kenya. Photograph: Luis Tato/The Guardian

The Wellcome Trust, the UK health research charity, has been criticised for paying its investment executives more than £11m last year, more than 10 times as much as its own governors.

The pay packets, which included £5m for Wellcome’s chief investment officer, Nick Moakes, were awarded after its investment portfolio rose in value, generating more funds for its mission of tackling health inequalities.

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