LONDON Dec 19 Hector Sants, the former head of
Britain's Financial Services authority, will receive a
remuneration package worth as much as 3 million pounds ($4.8
million) upon his move to Barclays Plc next month, the
Financial Times reported on Wednesday.
Sants, who will become Barclays' head of compliance and
government relations, will be one of the 10 best-paid executives
at the British lender, people familiar with the deal were cited
He will be paid a base salary in line with the 700,000
pounds earned by other top executives, though the annual bonus,
which depends on performance, will be lower, at less than 1
million pounds, the FT said.
Up to 1.5 million pounds would be payable under a long-term
incentive plan over at least three years and which would also be
dependent on performance, the FT said.
Barclays declined to comment on the report.