UBS has made Sergio Ermotti Europe’s best-paid bank boss less than a year after he returned to the lender, saying the Swiss executive had successfully steered the integration of rival Credit Suisse.
Ermotti was paid a total of SFr14.4mn ($15.9mn) last year, the bank’s annual report said on Thursday, higher than the SFr12.6mn received by his predecessor Ralph Hamers in 2022.
Ermotti’s pay was only for nine months and spread across a full year, his total package was capped at SFr15mn. But this year that will rise to SFr20mn, the bank said.
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