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UBS CEO Sergio Ermotti's pay package for 2024 is set at 14.9 million Swiss francs, with a stable base salary and a slight reduction in variable compensation. This decision comes amid ongoing political discussions about banking regulations following UBS's acquisition of Credit Suisse, which raised concerns about systemic risk. The total compensation for UBS's executive board is 143.6 million Swiss francs, with a group-wide bonus pool of $4.7 billion.
UBS CEO Sergio Ermotti received a pay package of 14.9 million Swiss francs ($16.85 million) in 2024, as reported by the bank. The total compensation for the executive board amounted to 143.6 million Swiss francs ($162.43 million), with a group-wide bonus pool of $4.7 billion, up from $4.5 billion in 2023.
Sergio Ermotti, CEO of UBS, received a compensation of 14.9 million francs for 2024, slightly up from 14.4 million in 2023, despite only working nine months of the year. His pay included a fixed salary of 2.8 million and a variable component of 12.1 million. In a recent interview, Ermotti discussed the challenges of integrating Credit Suisse, criticized its board's effectiveness, and emphasized UBS's commitment to growth in Asia and the U.S., while also addressing concerns over U.S. tariff policies and financial regulation.
Sergio Ermotti, CEO of UBS, earned 14.9 million in 2024, maintaining a salary similar to 2023 despite only nine months in the role. His compensation includes a fixed salary of 2.8 million and a variable portion of 12.1 million, as detailed in the bank's annual report.
UBS CEO Sergio Ermotti earned CHF 14.9 million in 2024, a slight increase from CHF 14.4 million in 2023, but below expectations. His compensation includes a fixed salary of CHF 2.8 million and a variable component of CHF 12.1 million. Ermotti, who took over as CEO on April 1, 2023, worked for only nine months that year, which, if extrapolated, would have resulted in a total of CHF 19.2 million.
Sergio Ermotti, CEO of UBS, earned 14.9 million in 2024, maintaining a salary similar to the previous year despite only nine months of service in 2023. His compensation includes a fixed salary of 2.8 million and a variable portion of 12.1 million, as detailed in the bank's annual report.
UBS CEO Sergio Ermotti earned 14.9 million in 2024, comprising a fixed salary of 2.8 million and a variable portion of 12.1 million. This amount is similar to his previous year's earnings, despite having only worked for nine months in 2023, during which he would have earned an extrapolated 19.2 million.
UBS CEO Sergio Ermotti will earn CHF 14.9 million in 2024, with a fixed salary of CHF 2.8 million and a variable component of CHF 12.1 million. The bank's provisions for legal cases stand at $3.6 billion, including ongoing litigation in France related to unlawful client solicitation.
UBS CEO Sergio Ermotti received a staggering salary of 14.9 million francs for 2024, as revealed in the bank's annual report. This follows last year's remuneration of 14.4 million francs for just nine months of work, sparking renewed criticism over excessive executive pay in Switzerland. The Swiss parliament is considering a salary cap for bankers, reflecting growing discontent with high salaries in the financial sector.
UBS Group CEO Sergio Ermotti will receive a total remuneration of CHF 14.9 million for 2024, reflecting a slight increase from the previous year's CHF 14.4 million for nine months of service. While his bonus has been marginally reduced, his basic salary was maintained for the full year. The overall bonus pool for the banking group rose to $4.7 billion, up from $4.5 billion the prior year.
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