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Morgan Stanley Exclusive: UK Banker Bonus Cap Scrapped

Morgan Stanley has eliminated the cap on bonuses for its London bankers, aligning more closely with the compensation structures of their New York peers.

A sign is displayed on the Morgan Stanley building in New York, U.S. PHOTO: Shutterstock
A sign is displayed on the Morgan Stanley building in New York, U.S. PHOTO: Shutterstock

This move, detailed in a recent regulatory filing, introduces an “appropriate internal bonus cap” in place of the previous limit, which restricted bonuses to twice the fixed pay of certain employees.

The decision follows the UK’s

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