Robert Besser
19 Mar 2025, 17:08 GMT+10
FRANKFURT, Germany: UBS CEO Sergio Ermotti will receive a pay package of just over 15 million Swiss francs (US$17 million) for 2024, according to a report by Swiss daily Blick over the weekend.
The newspaper did not specify the source of its information.
The reported compensation surpasses the 14.4 million Swiss francs Ermotti earned in 2023, a year in which he returned to UBS to oversee the complex integration of Credit Suisse. That acquisition, finalized in March 2023, saw UBS take over its struggling rival in a government-backed rescue deal worth 3 billion Swiss francs.
Ermotti was the highest-paid executive among major European banks in 2023, and his 2024 compensation reflects the challenges of steering UBS through the unprecedented merger.
UBS declined to comment on the report. On March 17, the bank published its full-year 2024 financial report, which confirmed the details of the executive's compensation.
Get a daily dose of Belgium Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Belgium Sun.
More InformationDUBLIN, Ireland: Irish Rail incurred over 26,000 euros in damages due to a series of graffiti incidents carried out by a 24-year-old...
SLUBICE, Poland: Poland reinstated border controls with Germany and Lithuania on July 7, following Germany's earlier reintroduction...
DUBLIN, Ireland: Taoiseach Micheál Martin has expressed cautious optimism that the European Union and the United States can strike...
ZAGREB, Croatia: A massive concert by popular Croatian singer Marko Perković, known by his stage name Thompson, has drawn widespread...
DUBLIN, Ireland: Despite extreme heat gripping much of mainland Europe, Irish holidaymakers are pressing ahead with their travel plans,...
HONG KONG: China has fired back at the European Union in an escalating trade dispute by imposing new restrictions on medical device...
In the past month alone, 23 Israeli soldiers have been killed in Gaza—three more than the number of remaining living hostages held...
LONDON, U.K.: At least 13 people are believed to have taken their own lives as a result of the U.K.'s Post Office scandal, in which...
WASHINGTON, D.C.: Travelers at U.S. airports will no longer need to remove their shoes during security screenings, Department of Homeland...
WASHINGTON, D.C.: An elaborate impersonation scheme involving artificial intelligence targeted senior U.S. and foreign officials in...
SLUBICE, Poland: Poland reinstated border controls with Germany and Lithuania on July 7, following Germany's earlier reintroduction...
WASHINGTON, D.C.: After months of warnings from former federal officials and weather experts, the deadly flash floods that struck the...