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 Toronto 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 Toronto 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...
New Delhi [India], March 19 (ANI): External Affairs Minister S Jaishankar highlighted the reality of there being increased use of tariffs...
New Delhi [India] March 19 (ANI): President Donald Trump's reciprocal tariffs have started a global trade war and it will reduce not...
(Photo credit: Rick Scuteri-Imagn Images) Phoenix superstar Devin Booker isn't wishing ill fortune on any of the teams that lie in...
(Photo credit: Kim Klement Neitzel-Imagn Images) Javier Rivas hit a walk-off solo home run to complete a three-run uprising and hand...
(Photo credit: Kyle Ross-Imagn Images) The Indiana Pacers begin a pivotal five-game homestand on Wednesday when the slumping Dallas...
(250318) -- VANCOUVER, March 18, 2025 (Xinhua) -- A customer shops for groceries at a store in Vancouver, British Columbia, Canada,...