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 New York Telegraph 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 New York Telegraph.
More InformationFRANKFURT, Germany: UBS CEO Sergio Ermotti will receive a pay package of just over 15 million Swiss francs (US$17 million) for 2024,...
PARIS, France: French Prime Minister Francois Bayrou acknowledged over the weekend that the European Union may have miscalculated by...
NEW YORK, New York - Sellers took charge again on Wall Street Tuesday as the brief rebound that took place on Monday petered out. Stocks...
WASHINGTON, D.C.: The Trump administration has approved a plan to expand a coal mine in Montana and keep it running for 16 more years,...
ST. PETERSBURG, Florida: The Tampa Bay Rays have decided not to move forward with a $1.3 billion plan to build a new stadium next to...
HANOI, Vietnam: As Vietnam seeks to strengthen trade ties and avoid potential U.S. tariffs, companies from both countries signed agreements...
HARRISON, New York: PepsiCo is on the verge of expanding its portfolio with a major acquisition. The beverage giant is reportedly in...
NEW YORK CITY, New York: The Trump administration is pressuring major food companies to remove artificial dyes from their products,...
NEW YORK CITY, New York: The U.S. must accelerate its efforts to develop fusion energy or risk losing its edge to China, Virginia Governor...
ALBANY, New York: New York fired over 2,000 prison guards this week for not returning to work after a weeks-long strike that disrupted...
Washington [US], March 19 (ANI): Actress Gal Gadot has made it clear that she prefers to keep her political views out of the spotlight,...
Washington [US], March 19 (ANI): Universal Pictures has announced that Maika Monroe will star in the film adaptation of Colleen Hoover's...