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Sergio Ermotti, CEO of UBS, earned CHF 14.93 million in 2024, with a stable monthly salary of CHF 208,333 and a reduced annual variable component of CHF 12.10 million. His predecessor, Ralph Hamers, received CHF 12.6 million in 2022. The total remuneration for UBS's management team rose to CHF 143.6 million, while Chairman Colm Kelleher's pay increased to CHF 5.5 million.
UBS has transformed into a massive bonus machine, with CEO Sergio Ermotti set to earn CHF 14.9 million in 2024, including a substantial cash payout. His shareholdings have skyrocketed to nearly 2.5 million shares, valued at CHF 70 million, as the bank's bonus pool increased to CHF 4.7 billion. Meanwhile, Chairman Colm Kelleher's compensation rose to CHF 5.5 million, reflecting a broader trend of soaring executive pay amidst significant profits.
UBS CEO Sergio Ermotti earned 14.9 million francs in 2022, surpassing his predecessor Ralph Hamers, who earned 12.6 million. The total remuneration for the management team increased to 143.6 million francs, while Chairman Colm Kelleher's pay rose to 5.5 million. The political landscape remains tense, with the Socialist Party criticizing right-wing inaction on UBS regulation.
UBS CEO Sergio Ermotti earned 14.9 million francs in 2024, maintaining a similar salary to the previous year despite only nine months of service. His compensation includes a fixed salary of 2.8 million and a variable portion of 12.1 million, reflecting performance and risk alignment.The total management salary bill reached 143.6 million francs, slightly up from 140.3 million in 2023. Board chairman Colm Kelleher will receive 5.5 million francs, while the entire board's earnings for 2024-2025 will total 14.0 million, down from 15.2 million the previous year.
UBS 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. Despite criticism over high salaries in the banking sector, Ermotti's pay remains below that of leaders in other industries, such as Partners Group and Novartis. UBS reported an adjusted pre-tax profit of USD 8.8 billion for 2024, bolstered by higher revenues and successful integration of Credit Suisse.
UBS CEO Sergio Ermotti's total compensation rose to CHF 14.9 million last year, comprising a fixed salary of CHF 2.8 million and variable components of CHF 12.1 million. Despite this increase, he remains below Novartis CEO Vas Narasimhan, who earned CHF 19.2 million. UBS Chairman Colm Kelleher defended Ermotti's pay, citing the challenges he faced, while acknowledging public discontent over high executive salaries, especially following a recent motion to cap compensation in the banking sector at CHF 5 million.
UBS CEO Sergio Ermotti earned 14.9 million francs in 2024, with a fixed salary of 2.8 million and a variable component of 12.1 million, despite only serving nine months in 2023. The total compensation for the Executive Board reached 143.6 million francs, reflecting a slight increase from the previous year. Chairman Colm Kelleher's pay rose to 5.5 million francs, while the Board of Directors will earn 14.0 million francs for 2024/2025.
UBS CEO Sergio Ermotti earned a total of 14.9 million francs in 2024, with a stable monthly base salary of CHF 208,333 and a variable component of 12.10 million. His predecessor, Ralph Hamers, received 12.6 million in 2022. Chairman Colm Kelleher's remuneration rose to 5.5 million, while the Board of Directors' total package increased to CHF 16.0 million.
Sergio Ermotti, CEO of UBS, earned a total remuneration of CHF 14.9 million in 2024, following his return to the bank in April 2023 to manage the integration of Credit Suisse. His compensation for nine months was CHF 14.4 million, while the overall management team's pay increased by CHF 3 million to CHF 143.6 million. Chairman Colm Kelleher's earnings rose to CHF 5.5 million, and the Board of Directors' total remuneration reached CHF 16.0 million, up nearly CHF 900,000 from the previous year.
UBS CEO Sergio Ermotti's salary rose to CHF 14.9 million last year, a 3.7% increase from CHF 14.4 million for nine months in the previous year. While he remains one of the highest-paid executives, he is outpaced by Novartis CEO Vas Narasimhan at CHF 19.2 million. UBS Chairman Colm Kelleher defended Ermotti's compensation, citing the challenges he faced in his role.
Colm Kelleher
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