Australia markets closed
  • ALL ORDS

    6,940.60
    -165.10 (-2.32%)
     
  • ASX 200

    6,673.30
    -160.70 (-2.35%)
     
  • AUD/USD

    0.7708
    -0.0171 (-2.17%)
     
  • OIL

    61.66
    -1.87 (-2.94%)
     
  • GOLD

    1,733.00
    -42.40 (-2.39%)
     
  • BTC-AUD

    61,531.46
    +1,016.44 (+1.68%)
     
  • CMC Crypto 200

    912.88
    -20.25 (-2.17%)
     
  • AUD/EUR

    0.6381
    -0.0083 (-1.28%)
     
  • AUD/NZD

    1.0645
    -0.0038 (-0.36%)
     
  • NZX 50

    12,227.29
    +86.63 (+0.71%)
     
  • NASDAQ

    12,909.44
    +81.13 (+0.63%)
     
  • FTSE

    6,483.43
    -168.53 (-2.53%)
     
  • Dow Jones

    30,932.37
    -469.64 (-1.50%)
     
  • DAX

    13,786.29
    -93.04 (-0.67%)
     
  • Hang Seng

    28,980.21
    -1,093.96 (-3.64%)
     
  • NIKKEI 225

    28,966.01
    -1,202.26 (-3.99%)
     

Morgan Stanley, Goldman lead bonus jump for bankers in Asia - Bloomberg News

·1-min read

Jan 26 (Reuters) - Morgan Stanley and Goldman Sachs Group Inc's investment bankers are getting the biggest bonus bumps among peers in Asia, Bloomberg News reported on Tuesday, citing people familiar with the matter.

After increased deal flows helped revenue from Asia to jump by about a third, compensation for Morgan Stanley's investment bankers in the region was raised by 20%, the report said.

At Goldman Sachs, it will rise by 15%, the Bloomberg report https://bloom.bg/3sYPBHC added.

A rise in headcount and recruitment of senior bankers could also have increased the overall bonus pools, according to the report. Bankers focusing on equity capital markets, healthcare and technology deals would receive better payouts.

Morgan Stanley Chief Executive James Gorman's annual pay was raised by 22% for his work in 2020, the bank said in a regulatory filing earlier. (https://reut.rs/36hRky6)

Compensation at JPMorgan Chase & Co and Citigroup Inc rose about 6% and 3% respectively, according to the Bloomberg report.

Morgan Stanley, Goldman and JPMorgan did not immediately respond to Reuters' requests for comment. Citigroup declined to comment. (Reporting by Niket Nishant in Bengaluru; Editing by Maju Samuel)