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UBS CEO Sergio Ermotti earned CHF 14.9 million in 2024, slightly more than the previous year, but significantly less than his American counterparts, who command salaries up to $39 million. While Ermotti's daily earnings surpass the Swiss median salary, European bank CEOs generally earn much less than their U.S. peers, highlighting a stark contrast in compensation within the banking sector.
Banco Santander's CEO, Hector Blas Grisi Checa, has been awarded ordinary shares as part of the Digital Transformation Award for 2019. The shares, granted free of charge, will be delivered on March 14, 2025, at an opening price of MXN 130.94, highlighting the company's commitment to digital innovation.
Sergio Ermotti, CEO of UBS, has been confirmed as Europe's highest-paid banker for 2024, receiving a total compensation of 14.9 million Swiss francs (15.4 million euros). This includes 2.8 million Swiss francs in fixed pay and 12.1 million in variable components, surpassing the earnings of other banking executives like Ana Botín and Andrea Orcel. His remuneration reflects an increase from the previous year, when he earned 14.4 million Swiss francs.
Sergio Ermotti, CEO of UBS, has been confirmed as Europe's highest-paid banker for 2024, receiving a total compensation of 14.9 million Swiss francs (15.4 million euros). This includes 2.8 million Swiss francs in fixed pay and 12.1 million in variable components, surpassing his 2023 earnings of 14.4 million Swiss francs. His remuneration exceeds that of Santander's Ana Botín and UniCredit's Andrea Orcel, who earned 13.77 million and 13.2 million respectively.
UBS chief Sergio Ermotti was paid €15.4 million last year, maintaining his position as Europe's highest-paid bank executive amid increasing scrutiny of financial sector remuneration in Switzerland. His compensation exceeds that of peers at HSBC, Deutsche Bank, and Banco Santander, but remains lower than US counterparts like Jamie Dimon and Ted Pick. As UBS faces potential capital requirement increases following the Credit Suisse takeover, Ermotti and chair Colm Kelleher criticized the public debate on executive pay, warning that excessive regulations could harm Switzerland's economic competitiveness.
UBS chief executive Sergio Ermotti received SFr14.9mn ($16.8mn) in compensation for 2024, making him Europe's highest-paid banking executive. His pay slightly increased from SFr14.4mn the previous year, which was for nine months of work. Ermotti's earnings surpass those of HSBC's Georges Elhedery (£5.4mn), Deutsche Bank's Christian Sewing (€9.75mn), and Santander's Ana Botín (€13.8mn), though they remain lower than Wall Street counterparts.
Zacks.com highlights five stocks, including Toll Brothers, DICK'S Sporting Goods, KornFerry International, Banco Santander, and Applied Materials, amid concerns over market volatility and recession fears. Each company has recently announced dividend increases, indicating strong financial health. The S&P 500 and other major indexes have faced significant declines this year, prompting investors to consider dividend-paying stocks for portfolio diversification.
UBS chief executive Sergio Ermotti was paid SFr14.9mn ($16.8mn) last year, maintaining his position as Europe’s highest-paid bank boss amid increasing scrutiny of executive compensation in Switzerland. His pay surpassed that of leaders at HSBC, Deutsche Bank, and Banco Santander.This disclosure comes as Switzerland's upper house has backed a motion to cap banking sector executive pay at SFr5mn, reflecting the political sensitivity surrounding remuneration following UBS's acquisition of Credit Suisse.
Banco Santander has launched a new Private Banking center in Palma de Mallorca, catering to clients with assets over 500,000 euros. The 7,750 sq. ft. facility features six private meeting rooms and a working lounge, staffed by a team of 15 experts dedicated to personalized financial services. This expansion reinforces Santander's leadership in Spain's private banking sector, managing over 171 billion euros in assets and serving more than 3,000 clients in the Balearic Islands.
Banco Santander and BBVA have alerted customers that card transactions exceeding 25,000 euros annually will be closely monitored by the Tax Agency, pending approval. This measure aims to enhance tax compliance and transparency, with banks responsible for reporting these transactions directly, relieving customers of any additional obligations.
Banco Santander, S.A.
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ubs ceo sergio ermotti earns 14.9 million euros amid global salary disparities
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