Barclays has handed its new investment banking boss, Tim Throsby, £12.5m in shares just weeks after announcing that it had slumped to a loss for 2017.

Mr Throsby, who joined the British banking giant from US rival JP Morgan in January, received more than any other senior executive at the bank after landing a £9m jackpot to compensate him for the stock he surrendered after leaving the US bank.

He is the latest in a string of senior JP Morgan bankers to have followed Barclays' boss Jes Staley to the British lender in recent years, with chief operating officer Paul Compton having last year emerged as the biggest winner from the bonus round after also leaving the Wall Street bank.

Mr Throsby had been at JP Morgan since 2010, where he was global head of equities and is now effectively Mr Staley's number two.

In total Barclays handed nine of its top managers, including Barclays UK boss Ashok Vaswan, share awards worth more than £20m – 44pc more than the previous year despite the bank slumping to a loss for 2017.

The bank said last month that it had fallen £1.9bn into the red for 2017, a fall Mr Staley brushed off by saying the lender had finished restructuring and could now reward investors.