{
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ubs ceo sergio ermotti earns 15.4 million euros amid pay scrutiny

UBS chief Sergio Ermotti was paid €15.4 million last year, maintaining his position as Europe's highest-paid bank executive amid increasing scrutiny of financial sector remuneration in Switzerland. His compensation exceeds that of peers at HSBC, Deutsche Bank, and Banco Santander, but remains lower than US counterparts like Jamie Dimon and Ted Pick. As UBS faces potential capital requirement increases following the Credit Suisse takeover, Ermotti and chair Colm Kelleher criticized the public debate on executive pay, warning that excessive regulations could harm Switzerland's economic competitiveness.
The Irish Times
United States Dollar British Pound Sterling Euro Swiss Franc Novartis AG UniCredit S.p.A. Credit Suisse Strategic Income I Morgan Stanley Banco Santander, S.A. JPMorgan Chase & Co. Deutsche Bank RV Global PP GBR USA CHE DEU ESP ITA Jamie Dimon Ana Patricia Botin Georges Elhedery Andrea Orcel Ted Pick Vasant Narasimhan Sergio Ermotti Christian Sewing Show more
Business & Industry, News Article
13:03 17.03.2025

debate over high salaries for bank managers intensifies in switzerland

Sergio Ermotti, UBS's CEO, earned 14.9 million francs last year, making him Europe's highest-paid banking manager, sparking renewed political debate over executive salaries. A recent motion proposes capping bank managers' salaries at 5 million francs, which could hinder talent acquisition in the financial sector. Critics argue that excessive variable pay encourages risky behavior, echoing concerns from past banking crises.
rsi
Euro Swiss Franc United States Dollar Novartis AG Credit Suisse Strategic Income I UWS JP Morgan EM A OSB Nestlé S.A. The Goldman Sachs Group, Inc. Deutsche Bank RV Global PP DEU USA CHE Sergio Ermotti Ulf Schneider Vasant Narasimhan Daniel Vasella Jakob Stark Vincent Kaufmann Jonas Neff Show more
Business & Industry, Transcript
12:40 17.03.2025

ubs ceo ermotti earns 14.9 million francs amid salary stagnation

UBS CEO Sergio Ermotti will receive a total remuneration of CHF 14.9 million in 2024, reflecting a stable salary despite a slight reduction in his bonus. His leadership during the integration of Credit Suisse has been acknowledged, although high bonuses continue to provoke public backlash in Switzerland, prompting discussions in parliament about capping bank salaries. In comparison, Ermotti's earnings are surpassed by leaders in other sectors, such as Partners Group and Novartis.
Die Presse
Euro Swiss Franc United States Dollar Axon Partners Group, S.A. UBS Group AG Novartis AG Credit Suisse Strategic Income I CHE Sergio Ermotti Colm Kelleher Vasant Narasimhan Show more
Business & Industry, News Article
09:41 17.03.2025

ubs and hsbc capitalize on india's booming ipo market for wealth management

UBS and HSBC are capitalizing on India's booming IPO market by expanding their wealth management services, reflecting strong confidence in the country's financial landscape. As investor interest surges, UBS is cautiously assessing its growth strategy, while Novartis monitors US tariff policies that could impact the pharmaceutical sector. This trend underscores the interconnectedness of global markets and the importance of emerging economies in investment strategies.
Finimize
United States Dollar Novartis AG u-blox Holding AG UWS JP Morgan EM A OSB Molecular Partners AG IND USA CHE Show more
Business & Industry, Market Report
08:08 17.03.2025

ubs ceo ermotti to receive nearly 15 million francs in 2024

UBS CEO Sergio Ermotti will receive a total remuneration of CHF 14.9 million for 2024, reflecting a slight increase from the previous year's CHF 14.4 million. Despite criticism over high salaries in the banking sector, Ermotti's pay remains below that of leaders in other industries, such as Partners Group and Novartis. UBS reported an adjusted pre-tax profit of USD 8.8 billion for 2024, bolstered by higher revenues and successful integration of Credit Suisse.
handelsblatt.com
Swiss Franc Novartis AG Axon Partners Group, S.A. Credit Suisse Strategic Income I CHE Sergio Ermotti Colm Kelleher Vasant Narasimhan Show more
Business & Industry, News Article
07:56 17.03.2025

ubs ceo salary increase sparks debate amid calls for compensation cap

UBS CEO Sergio Ermotti's total compensation rose to CHF 14.9 million last year, comprising a fixed salary of CHF 2.8 million and variable components of CHF 12.1 million. Despite this increase, he remains below Novartis CEO Vas Narasimhan, who earned CHF 19.2 million. UBS Chairman Colm Kelleher defended Ermotti's pay, citing the challenges he faced, while acknowledging public discontent over high executive salaries, especially following a recent motion to cap compensation in the banking sector at CHF 5 million.
finews.com
Swiss Franc Novartis AG Sunrise Resources PLC CHE Sergio Ermotti Colm Kelleher André Krause Vas Narasimhan Show more
Business & Industry, News Article
07:34 17.03.2025

ubs ceo salary rises slightly amid ongoing public scrutiny

UBS CEO Sergio Ermotti's salary rose to CHF 14.9 million last year, a 3.7% increase from CHF 14.4 million for nine months in the previous year. While he remains one of the highest-paid executives, he is outpaced by Novartis CEO Vas Narasimhan at CHF 19.2 million. UBS Chairman Colm Kelleher defended Ermotti's compensation, citing the challenges he faced in his role.
finews.ch
Swiss Franc Novartis AG Sunrise Resources PLC CHE Sergio Ermotti Colm Kelleher André Krause Vas Narasimhan Show more
Business & Industry, News Article
07:10 17.03.2025

ubs ceo salary sparks debate amid calls for compensation cap

UBS CEO Sergio Ermotti's total compensation for the past year reached 14.9 million francs, comprising a fixed salary of 2.8 million francs and variable components of 12.1 million francs. While his pay has sparked debate, it remains lower than Novartis CEO Vas Narasimhan's 19.2 million francs. UBS Chairman Colm Kelleher defended Ermotti's salary, citing the challenging circumstances he faced, but acknowledged underestimating public reaction to such high compensation levels.
finews.asia
Swiss Franc Novartis AG Sunrise Resources PLC CHE Sergio Ermotti Colm Kelleher André Krause Vas Narasimhan Show more
Business & Industry, News Article
07:10 17.03.2025

ubs ceo ermotti's 2024 salary remains high amid legal challenges and integration efforts

UBS CEO Sergio Ermotti will earn CHF 14.9 million in 2024, with a fixed salary of CHF 2.8 million and a variable component of CHF 12.1 million. The bank's provisions for legal cases stand at $3.6 billion, including ongoing litigation in France related to unlawful client solicitation.
Finanz und Wirtschaft
United States Dollar Euro Swiss Franc Novartis AG Axon Partners Group, S.A. Credit Suisse Strategic Income I FRA CHE Sergio Ermotti Colm Kelleher Vasant Narasimhan Show more
Finance & Economy, Market Report
07:07 17.03.2025

ubs ceo sergio ermotti receives 14.9 million francs salary for 2024

UBS CEO Sergio Ermotti received a staggering salary of 14.9 million francs for 2024, as revealed in the bank's annual report. This follows last year's remuneration of 14.4 million francs for just nine months of work, sparking renewed criticism over excessive executive pay in Switzerland. The Swiss parliament is considering a salary cap for bankers, reflecting growing discontent with high salaries in the financial sector.
Blick
Swiss Franc Novartis AG Sunrise Resources PLC Credit Suisse Strategic Income I CHE Marc Chesney André Krause Sergio Ermotti Jakob Stark Thomas Minder Vas Narasimhan Show more
Business & Industry, News Article
07:00 17.03.2025
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