Royal Bank of Scotland will this week unveil a £9.6m pay package for chief executive Stephen Hester, after securing support for a long-term incentive plan from shareholders last week.

At a meeting on Friday at the bank’s Bishopsgate headquarters, Sir Philip Hampton, RBS’s chairman, won the backing of UK Financial Investments – which controls the state’s 70 per cent RBS stake – as well as that of other top-20 shareholders.