Stay connected:
Citywire printed articles sponsored by:
View the article online at http://citywire.co.uk/wealth-manager/article/a647431
Sants to spearhead Barclays pay crackdown
Markets
by Daniel Grote on Dec 24, 2012 at 08:08
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.
News sponsored by:
Subscribe to Wealth Manager magazine and rack up CPD points
Citywire Wealth Manager has partnered with CISI to enrich the experience of subscribers to our magazine.
Today's top headlines
More about this:
Look up the shares
More from us
What others are saying
Archive
Aberdeen Live supplement: Fundamentals point to ongoing flows and solid returns from EMD
After a record year for inflows and market-leading performance in 2012, emerging market debt has taken a large step towards the mainstream. Our recent debate covers the outlook for the asset class this year and where opportunities can be found.
On the road
Click here to find out more from the Audience Development team.
leave a comment
Please sign in here or register here to comment. It is free to register and only takes a minute or two.