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Bill Winters, President of Bill Winters in Standard Charterd, has exited the “intense” incentives created by CAP on bankers’ bonuses, as the lender used the UK’s bases to reduce his salary by 40 percent and enhance his potential performance paid.

“impact [bonus cap] “Did everyone get a hideous increase in fixed wages,” said the CEO of reporters on Friday. “I say heavily because it was exactly the wrong incentive for.. Senior vouchers and not doing a very good job.”

Winter will, to a large extent the longest CEO of the United Kingdom, this year is 13.1 million pounds, that is, more than twice what he got in 2022, if he meets all goals, but his primary salary will decrease. “I must explain to my mother why my salary was cut by half,” Winters jokingly said.

“My motivation in Standard Chartered was never wages,” he said. Instead, he said that it was “part of a great concession.”

The payment package for 2024 for Winters reached 10.7 million pounds, about 50 percent from the previous year due to the incentive plan payments.

The salary of financial director Diego de Georgi will be reduced by 33 percent under the new model, with his total package of 7.7 million pounds if the goals are achieved. It achieved 2.8 million pounds in 2024.

Stanchart “The most important change for many years,” said the comprehensive reform, which was announced in conjunction with the annual results on Friday.

Barclays and HSBC I took similar steps To reduce fixed wages for senior executives and increase performance rewards.

The UK has announced plans to cancel the maximum in 2023, which is part of the post -Britain’s exit from the European Union to strengthen the city of London. The European Union presented the maximum as an attempt to reduce risks in the wake of the 2008 financial crisis.

Stanchart’s profits fell 30 percent before taxes in the last three months of last year amid high costs, even with wealth and market companies generating higher revenues.

The bank has reported legal profits before the $ 800 million tax for the fourth quarter, a decrease of $ 1.1 billion in the previous year and estimated estimates of the 983 million dollars. Its basic profits before taxes, which were modified to participate in mind the restructuring and other costs, were a billion dollars, in line with analysts estimates.

Winters said that the results of the full year, in which pre -tax profits, increased by 19 percent to 6 billion dollars, were “strong”.

Our strategy. Winters, who has been running the bank since 2015, said it has shot all cylinders. Double investment In wealth management work and its focus is far from the smaller local customers towards international institutions.

The bank announced the re -purchase of a $ 1.5 billion share and said it was planning to return at least $ 8 billion to shareholders in a cumulative manner from 2024 to 2026.

The net interest revenue for this year was $ 10.4 billion, overcoming the bank of $ 10.25 billion, even with the end of the interest rates of interest rates.

Stancart has received $ 441 million restructuring fees for this year, including $ 156 million for a cost -saving program, known as “Fit For Growth”. The bank said last year that it had planned to provide about $ 1.5 billion over a period of three years by simplifying the systems.

Wealth, a major axis of the bank, reported a 36 percent increase in quarter revenue, while those in the market unit increased by 47 percent as the income jumped from trading.

The bank’s basic revenue on concrete stocks, a scale of profitability, was 11.7 percent for this year, an increase of 10.1 percent in the previous year. Its target raised 2026 from 12 percent to “approaching 13 percent.”

Stancart’s shares now exceeded the level when Winters took over, as more than 80 percent have risen since then They regret their price “foolishness” A year ago.

However, the stock is still trading a discount on the book value of the bank’s assets. Its shares listed on the Hong Kong list increased by 1 percent on Friday before the gains of reducing 0.4 percent decreased.

This month, Maria Ramos, the current Stanchart board member and former CEO of South Africa, appointed as its next chairman.

In 2019, Winters attacked “non -mature” investors who organized a protest against his salary.