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

Sum includes 5m to chief investment officer and is 10 times the remuneration for health research charity's governors

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.