HSBC in HSBC payment package of 15 million pounds with CEO Elheedry

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HSBC holds talks for the CEO of CEO George Ilidi a package of 15 million pounds, approximately six months after his appointment and law Large -cost drive In the bank.

Under the plans, the fixed wage in Elhedry will be clicked in half while that associated with performance will be able to increase significantly, according to a person who has been informed in this regard.

the Lebanese banker born A total salary package of 10.5 million pounds was granted when he took the higher position in September, including a basic salary of 1.4 million pounds.

No final decision has yet been taken in ELHEDEY debates, which Sky News reported for the first time.

HSBC Other UK lenders have more deadline on how some applicants at risk compensate after the UK government’s decision to cancel the maximum bonuses of bankers in 2023, as it was still part of the European Union.

Barclays also suggested a Fix the interrogation Its CEO CS Venkatakrishnan, who will witness a reduction in his fixed salaries from 2.95 million pounds to 1.59 million pounds, but makes him eligible for eight times long -term rewards and options for his new salary.

ELHEDEY has started a major restructuring of HSBC in the past five months in an attempt Simplify the bank and reduce costs. This includes the merger of its commercial and investment banking units in addition to the decision to reduce the main parts of its investment banking business in the United Kingdom, Europe and the Americas.

Christina Ma, President of the World Banking Bank of Asia and the Pacific, is to leave the bank after less than two years.

Master, which spent more than two decades in Goldman Sachs and became a partner there in 2020, leaves HSBC as ELHEDEY’s restructuring began. MA Goldman Sachs led in the field of major Chinese stocks before moving to the London -based bank. It was reported for the first time by Bloomberg News. MA did not immediately respond to a request for comment outside the working hours.

HSBC indicated that there will be a large number of cuts in jobs as part of the restructuring but did not provide a specific number.

The amount of 15 million pounds will make Elhedary salaries much higher than his salaries The predecessor Noel QuinnWhich reached the total salary salaries in 2023 – its last full year in the bank – 10.6 million pounds. This was almost doubled by what he received a year ago, thanks to a large extent to a long -term incentive plan. Queen’s basic salary was 1.4 million pounds in 2024.

HSBC refused to comment on Elheedry’s salaries and leaving MA.