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Investors including GIC and Mubadala have acquired significant stakes in Monzo, which is now debating its IPO location, with CEO TS Anil favoring a US listing. Despite executive changes, Monzo's growth is notable, boasting over 11 million customers. Meanwhile, Barclays is experiencing a shift in pay dynamics under CEO CS Venkatakrishnan, as the bank adapts to competitive pressures in executive compensation.
Barclays plans to significantly reduce CEO CS Venkatakrishnan's fixed pay from £2.95m to £1.59m, capping his total earnings at £14.3m, contingent on achieving a return on tangible equity above 14%. This move, aimed at aligning executive pay with performance, will be voted on by shareholders in the spring. The bank's remuneration committee emphasizes a focus on sustainable performance and shareholder interests, amidst ongoing debates about boardroom pay in the UK.
Ambrose Faulks
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monzo faces pivotal decision on potential us or uk ipo listing
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05:00 30.01.2025
barclays proposes significant changes to ceo pay structure amid shareholder engagement
British Pound Sterling
Barclays PLC
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Jes Staley
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Ambrose Faulks
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17:06 23.01.2025
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