Paul Thwaite, NatWest's CEO, will be in line for a remuneration package worth around £6.5m if investors in the bank approve a new remuneration policy next year, Sky News learns.
NatWest Group is to hand its chief executive a potential multimillion pound pay boost as it returns to full private ownership after nearly 17 years in state hands. Sky News has learnt that the chair of the bank's remuneration committee, Lena Wilson, is consulting leading institutional shareholders about an overhaul of its boardroom pay policy.
Regulators have also begun to relax rules imposed on bankers' pay imposed after the 2008 crisis, with the Bank of England recently signalling plans to reduce the period over which share awards vest and must be held.
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