31 Highest Paid CEOs in Financial Services

Which CEOs are making the most in financial services?

King of the Comp was Frank J. Bisignano, the CEO of First Data, who pulled in nearly $52 million of total compensation last year, a whopping 454% year-over-year increase, according to new data from Equilar provided to The New York Times*.

In 2015, 15.5% of the 200 highest paid CEOs came from the financial services sector, according to the data. On average, compensation among the Top 31 financial services CEOs increased 23% last year, while the median value was 3%.

The top fintech CEO in comp was Brad D. Smith, who runs Intuit. Smith received about $16 million of comp last year, a decline of 3% compared to 2014.  The only other fintech CEO on the Top 31 was Daniel H. Schulman, CEO of PayPal Holdings. Schulman’s compensation exceeded $14.4 million.

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TOP 31 FINANCIAL SERVICES CEO IN TOTAL COMPENSATION

RANK RANK OVERALL COMPANY (TICKER) CHIEF EXECUTIVE TOTAL COMP. COMP. CHANGE REVENUE CHANGE TOTAL SHAREHOLDER RETURN
1 6 First Data (FDC) Frank J. Bisignano $51,560,726 454% 3% n/a
2 17 Aon (AON) Gregory C. Case $29,735,220 113% -3% -2%
3 25 BlackRock (BLK) Laurence D. Fink $25,792,630 8% 3% -2%
4 35 Goldman Sachs Group (GS) Lloyd C. Blankfein $22,586,152 2% -2% -6%
5 41 Morgan Stanley (MS) James P. Gorman $21,966,480 -5% 0% -17%
6 42 American Express (AXP) Kenneth I. Chenault $21,687,566 -3% -4% -24%
7 51 Chubb (CB) Evan G. Greenberg $20,381,147 4% -1% 4%
8 60 Ameriprise Financial (AMP) James M. Cracchiolo $19,372,300 -13% -1% -18%
9 61 Wells Fargo (WFC) John G. Stumpf $19,318,604 0% 1% 2%
10 73 JPMorgan Chase (JPM) James Dimon $18,221,060 -34% -2% 8%
11 77 Capital One Financial (COF) Richard D. Fairbank $18,011,817 -8% 1% -11%
12 98 Prudential Financial (PRU) John R. Strangfeld $16,668,942 -3% 6% -7%
13 109 Intuit (INTU) Brad D. Smith $16,015,331 -3% -1% 30%
14 110 Invesco (IVZ) Martin L. Flanagan $15,875,975 2% 0% -13%
15 119 MasterCard (MA) Ajay Banga $15,538,463 16% 2% 14%
16 121 Marsh & McLennan (MMC) Daniel S. Glaser $15,462,642 8% 0% -1%
17 125 Franklin Resources (BEN) Gregory E. Johnson $15,097,340 -5% -6% -30%
18 128 Metlife (MET) Steven A. Kandarian $14,975,921 4% -5% -8%
19 134 Nasdaq (NDAQ) Robert Greifeld $14,706,445 29% -3% 23%
20 137 Citigroup (C) Michael L. Corbat $14,595,462 1% -2% -4%
21 143 PayPal Holdings (PYPL) Daniel H. Schulman $14,444,491 n/a 15% n/a
22 153 AmTrust Financial Services (AFSI) Barry Zyskind $13,942,205 -37% 14% 11%
23 158 Bank of America (BAC) Brian T. Moynihan $13,722,849 -6% -3% -5%
24 165 Bank of New York Mellon (BK) Gerald L. Hassell $13,482,434 33% -4% 3%
25 170 Allstate (ALL) Thomas J. Wilson $13,341,577 3% 1% -10%
26 182 Fidelity National Information Services (FIS) Gary A. Norcross $12,953,502 n/a 3% -1%
27 184 Equifax (EFX) Richard F. Smith $12,922,711 28% 9% 39%
28 188 Northern Trust (NTRS) Frederick H. Waddell $12,760,550 32% 10% 9%
29 193 American International Group (AIG) Peter D. Hancock $12,438,216 n/a -9% 12%
30 196 Charles Schwab (SCHW) Walter W. Bettinger $12,337,373 4% 5% 10%
31 197 PNC Financial Services Group (PNC) William S. Demchak $12,325,411 15% -1% 7%
OVERALL MEDIAN VALUES $16,595,757 5% 1% 3%
OVERALL AVERAGE $19,326,047 4% 2% 1%
MEDIAN VALUES FINANCIAL SERVICES $15,462,642
AVERAGE FINANCIAL SERVICES $17,814,243

* This ranking includes U.S.-based or listed companies with more than $1 billion in revenue that filed proxy statements by April 30, 2016. Total compensation includes information disclosed in the Summary Compensation Table of company proxy statements including salary, bonus, stock and options valued at grant date, and other compensation (including benefits and perks).

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