Roll on April — that's what the folks at Citigroup Centre in Canada Square are saying.

For that's when some of the so-called “deferred” bonuses kick-in for Citi bankers expecting 2009 rewards of more than $100,000 (£66,700).

While parts of the bonuses have been deferred for three, four or five years, a Citi mole says that a big chunk was delayed for only a few months — until April. Bankers can then cash the shares in on the spot.

Also, if the share price has fallen between the bonus announcement in January and April, more shares will be awarded to get the monetary value of the stock up to the January level.

“It allows the bank to say it's paying bonuses on a deferred shares basis, but it's cash in all but name,” says a Citi executive.

Murdoch filly's a Cheltenham star

What will be the star attraction at this year's Cheltenham?

One will be Elisabeth Murdoch riding in the last race of the day on Thursday — an all-female charity sweepstake in aid of Cancer Research over a mile and a half.

Murdoch wants to raise £40,000 and she's very nearly there. On justgiving.com, Charlie Brooks, Gail Rebuck, Philip Gould, Jemima Khan and Eve Pollard have all pledged money. But there is one notable absentee: her father Rupert.

Elisabeth's horse, Al Amaan, has a good chance. Trained by Paul Nicholls and owned by Cenkos boss Andy Stewart, it has won more than £10,000 in its career.

Money a moving motive

A survey commissioned by Tate revealed that the majority of people looking for a job would leave their current employer if offered more money, announces a press release.

“Tate, specialists in office recruitment, asked over 400 of its customers what their fundamental reasons were behind considering a new job and the findings suggested money was key to 59% of participants.”

You don't say. Only 59%?

HSBC looks to the Fifties for best practice

Perhaps it's worth a trip into the archives to explain how HSBC chief executive Michael Geoghegan pocketed an extra £300,000 a year for the inconvenience of moving to low-tax Hong Kong — or “in recognition of the relocation to Hong Kong and the associated additional costs of living that will be incurred”, as the bank puts it. (Never mind that he will have £500,000 to cover all his costs anyway.)

Go back to 1954 when juniors joining the bank were officially informed: “The Chief Manager's salary is in a class by itself.” Quite.

Wenger worth the wait for David Kershaw

Two years since he put his hand up at a charity auction, M&C Saatchi chief executive David Kershaw has finally got the painting of his hero Arsene Wenger by Ronnie Wood.

Kershaw paid £16,000 for the Arsenal manager to sit for the portrait by the Rolling Stone.

Since then of course, the artists has had a somewhat turbulent time — he left his wife Jo for Ekaterina Ivanova, a teenage cocktail waitress, been in rehab and been questioned by the police after a flare-up with Ekaterina.

Kershaw, a committed Gooner, had no choice but to wait — at least he could console himself with the though the money was in a good cause — Nick Hornby's Treehouse autism charity.

Now he has the picture, what's it like? “It captures Arsene at his most tortured.”

Alas, it's been consigned to the room where Kershaw keeps his Gunners memorabilia. “For some strange reason Clare [Mrs Kershaw] doesn't want it in the bedroom.”

Little to build on in Dubai

It doesn't sound as though things are improving much in Dubai. Builder Balfour Beatty reckons that the market for new construction work in Dubai “remains difficult”, while payments for completed building work are still “slow”…

Have nots and no yachts

Demand for even the smallest yachts must have plummeted in the recession. The Holt company was originally set up by Jack Holt and Beecher Moore in 1945, and became famous for designing boats that got a lot of future owners of the bigger vessels started, including the Cadet, Merlin and Mirror dinghies.

It's now in the hands of administrators Moorfields.