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UBS CEO Sergio Ermotti's salary of 14.9 million Swiss francs (15.5 million euros) has sparked controversy, as it equates to 42,500 euros per day, mirroring the average annual salary of a Belgian worker. Despite criticism from Swiss officials regarding excessive executive pay, UBS's share price has surged by 62% since his appointment in April 2023. The broader management team's remuneration also rose significantly, totaling 149 million euros, prompting discussions about limiting executive salaries in Switzerland.
Sergio Ermotti, CEO of UBS, earned nearly CHF 15 million in 2024, with a stable monthly salary of CHF 208,333 and a reduced annual variable component of CHF 12.10 million. The total remuneration for UBS's management team rose to CHF 143.6 million, while the supervisory board's compensation decreased to CHF 14 million. The integration of Credit Suisse is ongoing, with significant savings expected by 2027.
UBS Group AG's CEO received a total compensation of 14.9 million Swiss francs in 2024. The company operates through four main business segments: wealth management (50.9% of revenues), investment banking (20.8%), retail and corporate banking (20.2%), and asset management (6.3%). By the end of 2023, UBS is set to manage USD 792 billion in deposits and USD 639.8 billion in loans.
UBS CEO Sergio Ermotti earned nearly CHF 15 million in 2024, with a stable monthly base salary of CHF 208,333 and a slight decrease in the annual variable component to CHF 12.10 million. In comparison, his predecessor Ralph Hamers earned 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.
Sergio Ermotti's total remuneration as CEO of UBS reached CHF 14.93 million in 2024, exceeding his predecessor Ralph Hamers' CHF 12.6 million in 2022. His base salary remained stable at CHF 208,333, while the annual variable component decreased slightly to CHF 12.10 million. The overall management remuneration rose to CHF 143.6 million, with Chairman Colm Kelleher earning CHF 5.5 million.
Sergio Ermotti, UBS's CEO, earned nearly CHF 15 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, while the total management remuneration rose to CHF 143.6 million. Chairman Colm Kelleher's compensation increased to CHF 5.5 million, and the Supervisory Board's total remuneration decreased to CHF 14 million.
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 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 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.
UBS reported a net profit of $5.1 billion for 2024, driven by strong performance in its investment banking division and ongoing integration of Credit Suisse. The bank achieved $3.4 billion in cost savings, proposed a 29% dividend increase, and plans further share repurchases while maintaining a solid capital position. Looking ahead, UBS aims for a return on common equity tier 1 capital of around 15% by 2026, with the integration process expected to be substantially completed by the end of 2026.
Ralph Hamers
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