HSBC CEO Pay Almost Doubles as Bonus Pool Hits Decade High

Overall bonus pool rose to $3.77 billion, highest in a decade
Total pay and benefits for median employee rose 8% to £63,000

HSBC CEO Quinn: 'Strong Confidence' in China Despite $3 Billion BoCom Charge

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By Denise Wee

February 21, 2024 at 4:51 AM UTC

Updated on

February 21, 2024 at 6:35 AM UTC

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HSBC Holdings Plc’s Chief Executive Officer Noel Quinn’s total pay nearly doubled to £10.6 million ($13.4 million) in 2023, from £5.56m in 2022.

The overall bonus pool rose by 12% in 2023, bucking a trend of tepid bonuses across the industry amid weak deal flow and job cuts. Payouts rose to $3.77 billion in 2023, the London-based lender said in its annual report on Wednesday. The overall bonus payout represents the highest level since 2013.