Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Barclays defers bonuses for 1,200 investment bankers

Barclays defers bonuses for 1,200 investment bankers

Barclays is to defer bonuses for up to 1,200 investment bankers, shunning upfront cash payments in favour of deferred awards over three years, Reuters has reported.

It cited a source familiar with the matter as claiming managing directors would receive a third of their 2012 bonus next year, with the rest paid in 2015 and 2016. Half of the payout will be in cash and half in shares. However those below managing director level with bonuses of up to £65,000 will receive an upfront cash payment.

Those in line for between £65,000 and £250,000 will receive 65% in cash upfront, with the rest spread over three years and split evenly between cash and shares.

The bank’s 23,000 investment bankers will be informed of their bonuses today, it said.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Brewin's Gutteridge: what's behind the second oil crash?

Brewin's Gutteridge: what's behind the second oil crash?

This week Brewin Dolphin's research head talks to Will Riley, co-manager of the Guinness Global Energy fund, about what next for oil.  

Play AA-rated Bullas: what drove my UK small cap outperformance

AA-rated Bullas: what drove my UK small cap outperformance

AA-rated Richard Bullas has quietly been making a name for himself at the helm of the Franklin UK Smaller Companies fund.

Play Sector spotlight: how Harwood's Philbin is playing emerging markets

Sector spotlight: how Harwood's Philbin is playing emerging markets

Emerging markets have been a rollercoaster for investors, but amid the doom there have been have been bright spots, such as India. 

Your Business: Cover Star Club

Profile: CHI's bond supremo on liquidity and bond risk management

Profile: CHI's bond supremo on liquidity and bond risk management

'Some people have been extremely complacent about rate rise risk. Myself, I wish they would just get on with it.'

Wealth Manager on Twitter