Santander boss Nathan Bostock was Britain’s best-paid bank chief exec in 2018 with a £6.4m pay packet
Santander boss Nathan Bostock earned a base salary of £1.7m, £588,000 towards his pension and £50,000 benefits
Santander UK’s boss was Britain’s best-paid bank chief in 2018, netting £6.4million.
Nathan Bostock earned a base salary of £1.7million, £588,000 towards his pension and £50,000 benefits such as a car allowance.
He also picked up a £2.3million bonus, and £1.8million to compensate him for giving up bonuses from previous employer Royal Bank of Scotland when he jumped ship.
The total is far more than the £4.6million paid to boss John Flint by HSBC, which employs 235,000 staff in 66 countries and made annual profits of £15.3billion.
By contrast Santander UK has 23,650 staff, operates solely in Britain and made a £1.6billion profit.
Bostock, 58, who is married with two sons, and owns a farm in Kent, joined Santander in 2013 after four years at RBS.
The second-best paid British bank boss was Antonio Horta-Osorio at Lloyds who earned £6.3million.
Standard Chartered’s Bill Winters made £6million, followed by Flint at HSBC.
RBS chief Ross McEwan picked up £3.6million, and Jes Staley at Barclays £3.4million.