Clydesdale chief gets £1.5m bonus

THE chief executive of Clydesdale Bank parent CYBG has been awarded a bonus package worth £1.5 million, payable over the next three years.

The package awarded to David Duffy comes via the group’s deferred equity and longterm incentive plans, with some of it dependant on performance.

Chief finance officer Ian Smith has been granted a package worth up to £692,000 and chief operating officer Debbie Crosbie is in line for a total of £677,000 over the next three years.

The group announced in January that it is to close 79 branches with the loss of 400 jobs, half in Scotland.