HSBC doles out more than £7m in shares to avoid bonus cap

clock

Directors and managers at HSBC have been awarded £7.1m in shares under so-called fixed pay allowance arrangements which comprise of employees' fixed remuneration for 2014.

The biggest award was granted to the CEO of global banking and markets Samir Assaf, who received a total of 240,318 shares valued at £6.27 per share and worth more than £1.5m. Assaf subsequently...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Employee Benefits

How we won the WSB Awards 2024... Standard Life

How we won the WSB Awards 2024... Standard Life

Judges praised Standard Life for how it has empowered employers and engaged members

Workplace Savings & Benefits
clock 19 November 2024 • 2 min read
How we won the WSB Awards 2024... Fidelity International

How we won the WSB Awards 2024... Fidelity International

Judges praised Fidelity for its commitment to supporting clients and scheme members

Workplace Savings & Benefits
clock 18 November 2024 • 3 min read
WSB Awards 2024 - Winners' Supplement

WSB Awards 2024 - Winners' Supplement

Find out how some of the winners of the Workplace Savings & Benefits Awards 2024 won their accolades in our special supplement celebrating their successes.

WSB
clock 11 November 2024 • 1 min read
Trustpilot