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ubs reduces ceo ermotti's pay to 17 million amid scrutiny

UBS Group AG has set CEO Sergio Ermotti's 2024 pay at just under 15 million Swiss francs ($17 million), amid scrutiny over bankers' compensation in Switzerland. His package includes 2.8 million francs in fixed pay and 12.1 million francs in variable pay, reflecting a reduction from his 2023 earnings. This comes as the bank faces potential legislative changes that could significantly impact its capital requirements, with lawmakers proposing to cap total annual compensation for bankers between 3 and 5 million francs.

ubs raises gold price target to 3200 amid trade war concerns

UBS has raised its gold price target to $3,200 an ounce, citing heightened trade war risks and a deteriorating US economic outlook. Analysts predict ongoing demand for gold as a safe haven, with central bank purchases expected to remain strong, supporting prices. Other banks, including Macquarie and BNP Paribas, have also increased their forecasts for the precious metal.

ubs announces agenda for annual general meeting on april 10 2025

UBS Group AG will hold its Annual General Meeting on April 10, 2025, in Lucerne, where it will propose a cash dividend of USD 0.90 per share for the 2024 financial year. Claudia Böckstiegel and Nathalie Rachou will not seek re-election to the Board, and various compensation approvals for the Board and Executive members will be discussed. The meeting will be conducted in both German and English, with a live broadcast available.

ubs ceo sergio ermotti awarded 17 million compensation for 2024

UBS Group AG has awarded CEO Sergio Ermotti a compensation package of nearly 15 million Swiss francs ($17 million) for 2024, which includes a fixed salary of 2.8 million francs and variable pay of 12.1 million francs. This package reflects a slight increase from the 14.4 million francs he received for nine months in 2023. The total bonus pool at UBS for 2024 is $4.7 billion, up from $4.5 billion the previous year, amid ongoing scrutiny of executive pay in Switzerland.

ubs ceo sergio ermotti awarded 17 million compensation for 2024

UBS Group AG has awarded CEO Sergio Ermotti a compensation package of approximately 15 million Swiss francs ($17 million) for 2024, which includes a fixed salary of CHF 2.8 million and variable compensation of CHF 12.1 million. This package is slightly higher than the CHF 14.4 million he received for nine months in 2023. The total bonus pool at UBS for 2024 has increased to $4.7 billion, up from $4.5 billion in the previous year.

ubs ceo sergio ermotti awarded 17 million dollar compensation for 2024

UBS CEO Sergio Ermotti has been awarded a compensation package of nearly 15 million Swiss francs (approximately $17 million) for 2024, which includes a fixed salary of 2.8 million francs and variable compensation of 12.1 million francs. This package reflects a slight increase from the 14.4 million francs he received for nine months in 2023, amid growing scrutiny of executive pay in Switzerland. The total bonus pool at UBS for 2024 is set at $4.7 billion, up from $4.5 billion in 2023.

hsbc and ubs boost wealth management in india amid ipo surge

HSBC and UBS are intensifying their presence in India's wealth management sector, spurred by a surge in IPOs that has generated a new wave of millionaires. UBS is in advanced talks to acquire 360 ONE, a firm managing over $26 billion in assets, while HSBC aims to double its operations in the country. Last year, India experienced a record 42 IPOs, injecting $58 billion into the market and attracting global financial institutions to the region.

ubs ceo earns 14.9 million swiss francs for 2024 compensation

UBS Group AG CEO Sergio Ermotti's compensation for 2024 is set at 14.9 million Swiss francs (approximately $16.8 million), up from 14.4 million for nine months of work in 2023. The bank's Executive Board will collectively earn 143.6 million Swiss francs, a slight increase from 140.3 million in the previous year. The shareholder letter highlighted a year of transformation following the acquisition of Credit Suisse, emphasizing UBS's strengthened position and strategic benefits for clients and shareholders.

ubs annual report highlights risks of higher tariffs on us exports

UBS's annual report highlights the potential impact of higher tariffs on exports to the USA, which could hinder growth in Europe and Asia. The report also notes ongoing economic uncertainty and legal challenges, including provisions for legal cases amounting to 3.6 billion. CEO Sergio Ermotti's compensation for 2024 is set at 14.9 million Swiss francs, amidst discussions about the bank's size and associated risks.

hsbc and ubs expand wealth management operations in india

HSBC and UBS are expanding their wealth management operations in India, driven by a surge in new millionaires following recent IPOs. UBS is reportedly interested in acquiring the Indian firm 360 ONE, while HSBC plans to double its branch presence in the country. Yatin Shah, co-founder of 360 ONE, noted that many reputable firms view India as a promising market for the next couple of decades.
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