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HSBC is holding talks for the CEO of CEO George Ilidri, a salary package of up to 15 million pounds, approximately six months after his appointment and began a major campaign to reduce costs 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 in a total salary package of 10.5 million pounds when he took the higher job in September, including the 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 and other UK lenders have a more deadline for how some applicants at risk compensate after the UK government’s decision to cancel the maximum bonuses of bankers in 2023, which was placed in place when it was still part of the European Union.
Barclays also suggested a comprehensive reform of CEO CS Venkatakrishnan, who will witness his fixed salaries from 2.95 million pounds to 1.59 million pounds, but makes him eligible for long -term rewards and options up to eight times his new salary.
ELHEDEY has begun to restructure HSBC over the past five months in an attempt to 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, Head of Global Banking for HSBC for 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.
It will make 15 million pounds of ELHEDERY much higher salaries than his predecessor Nawil Quinn, which was the total salary salaries in 2023 – his last full year in the bank – at a value of 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.
