UBS executives earn bigger pot in 2020 pandemic year : compa

UBS executives earn bigger pot in 2020 pandemic year


UBS executives earn bigger pot in 2020 pandemic year
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Last Updated: Mar 05, 2021, 11:55 AM IST
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Synopsis
Former Chief Executive Sergio Ermotti, who left the bank in October, was awared a total 13.3 million francs in salary and bonuses for the first ten months of the year, the Swiss bank's annual report showed on Friday.
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Incoming CEO Ralph Hamers earned 4.2 million francs in his first four months at the bank, which included a two-month transition phase before assuming the head role.
UBS executives collected compensation of 115.9 million Swiss francs ($124.78 million) in 2020, up from 102.1 million francs for the year before the pandemic hit.

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