Citigroup CEO Michael Corbat was paid $17.6 million last year, his first full year on the job.

That’s an increase of almost 42 percent from his $12.4 million compensation package in 2012, when he was promoted to the position of CEO in October, replacing Vikram Pandit. Before getting the top job at Citi, Corbat was in charge of the bank’s operations in Europe, the Middle East and Africa.