UBS chief's surprise return to the Swiss banking giant bagged him a $15.9 million paycheck

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UBS CEO Sergio Ermotti earned 14.4 million Swiss francs ($15.9 million) in 2023 after his surprise return to the helm of the Swiss banking giant.

The bank announced in late March that Ermotti would return for a second spell at the helm, replacing Ralph Hamers as UBS undertook the mammoth task of integrating Credit Suisse's business.

Newly appointed UBS CEO Sergio Ermotti speaks with UBS Chairman Colm Kelleher during a press conference in Zurich on March 29, 2023., replacing Ralph Hamers from April 5 last year, as UBS undertook the mammoth task of integrating Credit Suisse's business. Ermotti's previous tenure ran from 2011 to 2020.

 

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