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Hector Sants takes rest of 2013 off at Barclays due to stress
by Jun Merrett on Oct 15, 2013 at 12:18
Former Financial Services Authority (FSA) chief executive Hector Sants is to take the rest of the year off due to stress, according to Reuters.
Sants took up his new job as Barclays head of compliance at the start of the year.
Sants was at the head of the FSA from July 2007 until July 2012. He joined the regulator in May 2004 as a managing director.
Sants is following medical advice and is expected to be off work for three months, returning in to Barclays in the new year, according to Reuters.
The former FSA chief was reported to have received a £3 million remuneration package in his role at Barclays, with a basic salary of £700,000 and an annual bonus of around £1 million depending on performance alongside a £1.5 million payment over three years as part of a performance-based long-term incentive plan.
Sants also received £300,000 after leaving the regulator as part of his contractual entitlement.
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