Bank discloses figures for highest-paid non-boardroom staff, and reveals chief executive took home $5.3m in salary and bonuses
Standard Chartered's eight highest-paid bankers outside the boardroom took home a combined $53m (£33m) in 2011, when the bank reported its ninth year of record profits.
None of the eight were based in London, where the bank has its headquarters. Some 98% of its staff are based overseas, largely in the faster-growth emerging markets.
The bank said the pay of its London-based chief executive, Peter Sands, was eclipsed by that of his boardroom colleague Mike Rees, who runs the bank's wholesale banking operations.
Sands received $5.3m in salary and annual bonuses, in cash and shares, and was awarded a further $2.7m of shares through a long-term incentive plan based on three-year performance. Rees received a $10m bonus in cash and shares to add to his $1.1m salary, and was awarded a further $2.1m through the performance-related three-year plan.
The figures do not include £1m of shares that were released to Sands from a 2004 bonus plan, or £3.6m released to Rees from the same plan.
The finance director, Richard Meddings, received $3.6m plus a further $1.8m in long-term incentive plans.
Figures for the top eight highest paid are disclosed to comply with new UK rules intended to provide more information on pay outside the boardroom, although the individuals are not identified. Hong Kong listing rules require different information about the top five highest-paid employees, and in this disclosure the bank included Rees's pay as part of a total of $42m (£26m).
By comparison, HSBC's eight highest-paid bankers received £30m. HSBC is the only other UK-based bank that has to comply with the Hong Kong rules, under which it said its five highest-paid staff shared £27.7m.
Standard Chartered is also changing the way it makes contributions to executive directors' pensions. Any new directors will have 40% of their salary paid as cash contributions rather than paid into the company pension scheme.