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.

Sants to spearhead Barclays pay crackdown

Sants to spearhead Barclays pay crackdown

Former Financial Services Authority chief executive Hector Sants is to spearhead a crackdown on high pay at Barclays  in his new role as head of compliance at the bank, according to The Sunday Telegraph.

Sants (pictured), whose pay package at the bank is reported to be worth £3 million, will work with chief executive Antony Jenkins on reducing pay and changing how performance is assessed, according to the paper.

The work forms part of Project Transform, a strategic review of the bank which will be revealed alongside its results on February 12.

The paper said future payouts at the bank will depend not just on meeting financial goals but on the ‘social impact’ of work.

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 Trump protests: Psigma's Becket reports from the US

Trump protests: Psigma's Becket reports from the US

Psigma's chief investment officer Tom Becket encounters a little more than he bargained for in a recent trip to the US.

Play Neil Woodford uncut: the full video

Neil Woodford uncut: the full video

We bring you the full video from Woodford's recent visit to Citywire HQ.

Play What the Next Generation is bringing to the wealth world

What the Next Generation is bringing to the wealth world

To mark Citywire's inaugural Next Generation Forum we ask tomorrow's talent what influence they think they can have on the wealth industry.

Read More
Your Business: Cover Star Club

Profile: Brewin's Newcastle boss on the increasingly competitive NE

Profile: Brewin's Newcastle boss on the increasingly competitive NE

William Baker Baker, Brewin Dolphin’s Newcastle office head, is a fixture in the firm, having been with them for 30 years.

Wealth Manager on Twitter