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
CIO Tapes 2: two warnings and a lot of optimism

CIO Tapes 2: two warnings and a lot of optimism

Our group of leading asset management CIOs see a lot of opportunities – and overseas investors are buying UK too

Play Wealth Manager Retreat 2017: size isn't everything

Wealth Manager Retreat 2017: size isn't everything

We asked our delegates at the Wealth Manager Retreat what they think about the recent wave of consolidation in the industry.

1 Comment Play CIO Tapes - part 3: 'passive funds are anti-capitalist'

CIO Tapes - part 3: 'passive funds are anti-capitalist'

Citywire recently gathered three of the UK's leading fund investment heads to discuss their hopes, fears and the issues that their jobs throw at them daily.

Read More
Your Business: Cover Star Club

Profile: Thomas Miller explains its post-restructure plans

Profile: Thomas Miller explains its post-restructure plans

Thomas Miller Investment’s (TMI) head of wealth Matt Phillips has strong opinions about many things

Wealth Manager on Twitter