- LONDON: Bob Diamond, the new chief executive of Barclays, will be paid a bonus of 6.5 million pounds ($10.63 million) for last year, a person familiar with the matter said.
Barclays planned to reveal remuneration details for executives later, before the full release of its annual report.
Diamond is one of the highest paid bankers in Europe.
The award is less than the 10 million pounds he was reported to be in line for, and reflects ongoing scrutiny on bonuses and an agreement by banks to show restraint on pay, the person familiar with the matter said.
Diamond became CEO at the start of this year, after running the bank’s investment banking division. The bank declined to comment.