The New Zealander, who will start on October 1, will receive a base salary of £1M ($1.5M), although he will forgo his bonus through 2014.
H1 net profit £535M vs a loss of £2.03B a year earlier.
Pretax profit £1.4B vs a loss of £1.7B.
Revenue drops to £10.61B from £11.69B, excluding the value of own credit and other one-offs.
Takes a provision of £185M for the wrongful selling of payment protection insurance, and of £385M for undisclosed legal and regulatory purposes. (PR)