Wealth and Asset Management
UBS Lifts Ex-CEO Sergio Ermotti's Pay in Final Year
The Swiss bank lifted pay for outgoing CEO Sergio Ermotti by more than six percent and granted its new CEO Ralph Hamers a $3.3 million bonus for four months of work. Zurich-based UBS paid Sergio Ermotti 13.3 million Swiss francs ($14.4 million) last year, according to its annual report disclosed…
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