Newly appointed UBS CEO Sergio Ermotti (R) speaks with UBS Chairman Colm Kelleher during a press conference in Zurich on March 29, 2023.
UBS CEO Sergio Ermotti earned 14.4 million Swiss francs ($15.9 million) in 2023 after his surprise return at the helm of the Swiss banking giant, following its takeover of stricken rival Credit Suisse.
Hamers earned 12.6 million Swiss francs in 2022 during his last full year as CEO, according to UBS' annual report published on Thursday.
In total, the bank's executive board picked up a 140.3 million Swiss franc pay package in 2023, a significant increase from the previous year's 106.9 million francs.
UBS shares have gained more than 52% since Ermotti took the reins on April 5, 2023.
Persons:
Sergio Ermotti, Colm Kelleher, Ermotti, Ralph Hamers, Hamers
Organizations:
UBS, Credit Suisse
Locations:
Zurich, Swiss