In the report the bank’s remuneration committee said it was “satisfied that the single total figure for 2024 remuneration for the group chief executive, the total pay and fixed pay outcomes for UK employees, and the resulting pay ratios, reflect the application of the group's remuneration philosophy and are commensurate with experience of stakeholders.”.
A breakdown of his remuneration package shows that Venkatakrishnan received base pay of £2.935 million, topped up by a bonus of £2.219 million, and LTIP payments worth £5.137 million.
The high street lender paid £1.2 billion to 832 “material risk takers” within its investment bank, who make up the largest proportion of the 1,506 key staff across Barclays whose actions can impact the bank’s risk profile.
The boss of Barclays has been handed a huge increase in pay and bonuses taking his total package above £10 million.
Venkatakrishnan was awarded remuneration of £10.53 million for last year, up 127% from £4.64 million in 2023, latest accounts reveal.
