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HSBC has been paid by as much as £ 15 million in the interview with Executive CEO Georges Elhedery Packet, almost six months after being appointed and started by UA A significant drive to reduce costs at the bank.
According to the plans, Elhedery’s fixed salary would be halved while this performance connection could be significantly increased, according to the person who is familiar with that issue.
AND Lebanese banker He received a total salary package worth £ 10.5 million when he took over the best job in September, including a basic salary of £ 1.4 million.
The final decision on the salaries of Elhedery, which was first reported by Sky News, has not yet been rendered.
HSBC Other lenders in the UK have more free space on how to make up for some of their high risk persons after the Government of the UK to abolish the limit to the Bonus Bonuse in 2023, set when it was still part of the EU.
Barclays also suggested a remont fee For his CS Venkatakrishna CEO, who would see his fixed salary reduction from £ 2.95 million to £ 1.59 million, but made him eligible for bonuses and long -term stock options worth up to eight times more than his new salary.
Elhedery has started significant restructuring of HSBC for the last five months in an effort simplify the bank and reduce the costs. This includes the merger of his commercial and investment banking units, as well as the decision to reduce the key parts of his business of investment banking in the UK, Europe and America.
Christina Ma, head of HSBC global banking for the Asian Pacific, should leave the bank after less than two years.
Oh, who spent more than two decades in Goldman Sachs and became a partner there in 2020, he went to HSBC while Elhedery’s restructuring is triggered. Ma was running the Greater China Sachs job before moving to a bank based in London. Bloomberg News first reported on her exit. She did not immediately respond to the request for comment made out of work hours.
HSBC indicated that there would be a significant number of job reduction as part of the restructuring, but did not provide a certain number.
The amount of £ 15m would make Elhedery’s salary significantly higher than his predecessor Noel Quinnwhose total package salary is 2023. – The last full year at the bank – worth £ 10.6 million. This was almost twice as much as he got a year earlier, mostly thanks to the long -term stimulating plan. Quinn’s basic salary was £ 1.4 million in 2024.
HSBC refused to comment on Elhedery’s salary and Ma’s departure.
