HSBC CEO Pay Almost Doubles as Bonus Pool Hits Decade High (1)

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.

Noel Quinn

Photographer: Hollie Adams/Bloomberg

HSBC on Wednesday reported pretax profit rose 78% to $30.3 billion in 2023. The UK lender had signaled in the third ...