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: bonds with Ian Spreadbury

Brewin's Gutteridge: bonds with Ian Spreadbury

This week Brewin Dolphin's research head chats to Fidelity's Ian Spreadbury about the recent behaviour of interest rates and credit spreads.

Brewin's Gutteridge: Yuan direction

Brewin's Gutteridge: Yuan direction

This week Brewin Dolphin's research head chats to Fidelity Asian Investment Directors Jenny Lee and Gary Monaghan about the big changes in China.

Play On the Road Challenge: horsing around on the polo pitch

On the Road Challenge: horsing around on the polo pitch

Libby Ashby takes to the polo pitch with Stuart Leigh-Davies from Redmayne-Bentley for an 'On the Road' challenge.

Your Business: Cover Star Club

Small is beautiful: wealth firms still see value in less rich

Small is beautiful: wealth firms still see value in less rich

Latest statistics from findawealthmanager.com show that there are many firms who still service smaller clients.

Wealth Manager on Twitter