Barclays raids JP Morgan for group finance director

Morzaria will begin work for Barclays in the autumn, where he will report to group chief executive Antony Jenkins, and receive an annual salary of £800,000 as well as an annual incentive award opportunity of up to a maximum of 250% of salary. He will also be eligible for long-term incentives equivalent to up to 400% of his salary. Morzaria succeeds the current group finance director Chris Lucas who announced his retirement in February.  He will join the board as an executive director from 1 January 2014 while Lucas will remain on the board as group finance director and a member of ...