NEW YORK, April 7 — Morgan Stanley Chief Executive James Gorman’s overall pay rose 20 per cent to US$27 million (RM104.5 million) last year during a period that saw the firm’s net revenues rise 10 per cent and pre-tax profit margin rise 18 per cent, according to bank filings released yesterday.

Gorman’s total compensation includes a base salary of US$1.5 million plus cash bonuses of about US$5.6 million awarded in the early part of 2018, deferred cash and equity awards of nearly US$7.2 million, and a long-term incentive plan based on performance worth US$12.8 million.

Gorman, 58, has been chief executive of the Wall Street bank since 2010.

New this year, the bank reported the ratio between Gorman’s total compensation and the median annual total pay for all other employees to be 192 to 1, with the median 2017 compensation for employees being US$127,863.

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Gorman’s pay was below that of JPMorgan Chase & Co Chief Executive Jamie Dimon, who made US$29.5 million last year, but higher than Citigroup Inc CEO Michael Corbat’s annual compensation of US$23 million.

Morgan Stanley President Colm Kelleher’s total compensation rose to US$23 million and Chief Financial Officer Jonathan Pruzan’s total pay rose to US$11.5 million. — Reuters