Barrenjoey chief executive Brian Benari is set to receive an annual remuneration of $1.5 million following the completion of the firm's merger with listed asset manager Magellan Financial.
The transaction, which was announced in March, values the combined entity at $1.6 billion.
The $1.5 million pay package represents the top-line compensation figure for the incoming leader as the companies integrate their operations and client bases.
The deal marks a significant consolidation in the Australian financial services sector, bringing together Barrenjoey's investment banking capabilities with Magellan's asset management platform.
Benari will assume the role of chief executive for the newly formed group.
The $1.5 million pay package represents the top-line compensation figure for the incoming leader as the companies integrate their operations and client bases.
The merger completion follows months of regulatory and shareholder approvals.