UBS Executives Get Higher Compensation in Year Marked by Pandemic
March 05 2021 - 2:30AM
Dow Jones News
By Pietro Lombardi
UBS Group AG executives' overall compensation was 115.9 million
Swiss francs ($124.8 million) for last year, up from the CHF102.1
million they collected for the previous year.
Despite the challenges posed by the pandemic, the Swiss bank has
met or beat all its key financial targets for last year.
Overall, a higher bonus pool offset a slightly lower fixed
compensation for members of the group executive board, according to
the Swiss bank's compensation report on Friday. Variable
compensation rose to CHF85 million from CHF70.3 million.
Former Chief Executive Sergio Ermotti earned overall CHF13.3
million until he left the board at the end of the year. Chief
Executive Ralph Hamers, who became CEO in November but joined the
bank in September, earned CHF4.2 million.
Write to Pietro Lombardi at pietro.lombardi@wsj.com;
@pietrolombard10
(END) Dow Jones Newswires
March 05, 2021 02:15 ET (07:15 GMT)
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