BusinessCompany NewsBarclays CFO paid more than chief exec

Barclays CFO paid more than chief exec

Kheraj takes home a total of over £2.5m in his last year, according to annual report released today

Naguib Kheraj, the
departing Barclays CFO, was paid more than his chief executive John Varley in
his last year at the group.

His total remuneration of £2.5m puts him second in the table of highest paid
FDs after Peter Clarke of
Man
Group
, who is now stepping up to be chief executive at the hedge fund group.

Kheraj was also reported at the weekend to be staying on to help with the
group’s bid for ABN, though a Barclays spokesman said there had been no specific
date for his departure in any case and said the report was ‘speculation’.

Varley
was paid
£50,000 less than Kheraj, the group’s annual report – which is out
today – says. Kheraj was paid an annual salary of £650,000, and a bonus of
£1.75m.

Further reading

Read
the remuneration report

Financial
Director’s FD salary survey

Profile: Barclays’
non-accountant CFO

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