View the article online at http://citywire.co.uk/money/article/a646614
Sants scoops £3m pay deal at Barclays
Former Financial Services Authority chief executive Hector Sants is to receive a £3 million remuneration package in his new job as Barclays head of compliance, according to the Financial Times.
Former Financial Services Authority (FSA) chief executive Hector Sants is to receive a £3 million remuneration package in his new job as Barclays head of compliance, according to the Financial Times.
The paper cited people familiar with the deal as claiming Sants' basic salary will be £700,000. His annual bonus will be around £1 million depending on performance, and he will receive up to £1.5 million paid over at least three years as part of a performance-based long-term incentive plan (LTIP), the paper said.
The FT said the package would place Sants (pictured) among the 10 best-paid executives at the bank. Barclays would not comment to the paper on the figures but said that executives LTIP had only paid out 37% of the maximum over the past five years.
News sponsored by:
The Citywire guide to investment trusts
In association with Aberdeen Asset Management
What can SLI bring to the table for those who want to put their money into investment trusts?
Tools from Citywire Money
From the Forums
Weekly email from The Lolly
Get simple, easy ways to make more from your money. Just enter your email address below
An error occured while subscribing your email. Please try again later.
Thank you for registering for your weekly newsletter from The Lolly.
Keep an eye out for us in your inbox, and please add email@example.com to your safe senders list so we don't get junked.
by Gavin Lumsden on May 28, 2015 at 09:55