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UBS CEO Sergio Ermotti receives $17 million compensation for 2024

Published 17/03/2025, 07:54
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Investing.com -- UBS Group AG (NYSE:UBS) has granted CEO Sergio Ermotti a compensation package worth nearly 15 million Swiss francs ($17 million) for the year 2024.

The award comes amid increasing scrutiny of banking executive pay in Switzerland.

Ermotti’s compensation includes 2.8 million francs in fixed salary and 12.1 million francs as variable pay, as stated in UBS’s annual report on Monday.

The rules, which were revised last year, allow executive board members to receive up to seven times their fixed pay as bonus.

The compensation package is slightly larger than the 14.4 million francs Ermotti received for nine months in 2023.

The total bonus pool at UBS in 2024 amounted to $4.7 billion, up from $4.5 billion in 2023.

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