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.

RBS execs to divvy up £6m in share awards

4 Comments
RBS execs to divvy up £6m in share awards

A handful of Royal Bank of Scotland executives are to share rewards of up to £6 million - just weeks after the bank's stinging £390 million rate rigging fine.

According to The Times, the share awards will be divided up among a small number of staff, but could stoke further controversy coming in the wake of the penalty from UK and US regulators.

Moreover, the staggering messages about Libor manipulation at RBS - including internal notes like 'It's amazing how Libor fixing can make you that much money' published on the CFTC website - are still fresh in the minds of shareholders and members of the public.

Stephen Hester, the bank’s chief executive, could also come under pressure for the £780,000 of shares he is due to receive next month.

Although Hester (pictured) will take delivery of the shares in March, they form part of his 2010 bonus award.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Biotech Growth: we will ride out this storm

Biotech Growth: we will ride out this storm

Geoffrey Hsu of Biotech Growth Trust says the sell-off in biotechnology stocks represents a buying opportunity for long-term investors.

Play Picton: the UK property hotspots for rental income

Picton: the UK property hotspots for rental income

Picton Property Income CEO Michael Morris reveals how he is planning to ride the ‘ripple effect’ as UK economic growth spills out from the capital across the country.

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

This week Brewin Dolphin's head of research talks to Mike Riddell, fund manager at Allianz Global Investors, about the forces driving bonds markets in a tumultuous week for markets.

Your Business: Cover Star Club

Profile: PortfolioMetrix is on a mission to kill 'Frankenstein' systems

Profile: PortfolioMetrix is on a mission to kill 'Frankenstein' systems

In a buyers’ market for off-the-peg discretionary management, self-funded start-ups begin at an inherent disadvantage

Wealth Manager on Twitter