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Barclays Boss Gets £6,550 a Month Allowance for London Move: Times

  • Housing costs in London to be covered until October 2023
  • Allowance on top of CEO’s fixed 2.7 million-pound annual pay
C.S. Venkatakrishnan

C.S. Venkatakrishnan

Source: Barclays Plc

Updated on

Barclays Plc is offering its chief executive officer C.S. Venkatakrishnan 6,550 pounds ($8,877) a month in housing allowance for almost two years to encourage the banker to shift from New York to London after his appointment late last year, according to the Sunday Times.

Venkatakrishnan took over as CEO on Nov. 1 after former CEO Jes Staley stepped down amid a regulatory probe into his relationship with the financier and sex offender Jeffrey Epstein.