He's Alright Jack - One Banker Said Likely To Bag Huge Bonus

I'm Alright Jack

Roger Jenkins is Chief Executive of Barclays Private Equity, Principal Investments and Structured Capital Markets at Barclays Capital, and executive Chairman of Barclays Investment Banking & Investment Management, Middle East. And some say that this man could be highest-paid investment banker in the world.

The Evening Standard reported last year that Jenkins, 51, is thought to have earned as much as £75m ($111m) a year during the good times. Indeed, in 2002, Jenkins' structured finance unit is thought to have generated all of Barclays Capital's profits.

And this year, at a time when many senior bankers are waiving their bonuses (including Barclays bosses Bob Diamond and John Varley), Jenkins could be on track to bag £30m ($44.4m) - not just, according to The New York Times, because of the revenues generated by his structured finance unit (which works with companies to help reduce their tax liabilities), but also because of his key role as a co-architect (with Amanda Staveley) in arranging the controversial $8.6bn capital injection Barclays is to receive from Middle Eastern investors.

Topping it all, of course, is the fact that Barclays will not even have to disclose Jenkins' compensation, as he does not sit on the bank's main board. In these days when banks are under the microscope as never before, one wonders how long before Barclays is required to come clean on this issue. Only then will we know whether Jenkins really is, as many suggest, the world's highest-paid investment banker.

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