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UBS executives earn bigger pot in 2020 pandemic year SECTIONS Last Updated: Mar 05, 2021, 11:55 AM IST Share 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. iStock 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. ....
Private equity chiefs get bumper payouts on back of Fed stimulus 2 Mar, 2021 10:17 PM 3 minutes to read Blackstone founder Stephen Schwarzman. Photo / Getty Images Financial Times By: Sujeet Indap and Mark Vandevelde Private equity executives who rank among the richest men on Wall Street received hundreds of millions of dollars in payouts even as the US economy faltered last year, helped by central bank stimulus that wiped out the investment losses they recorded early in the pandemic. Blackstone founder Stephen Schwarzman received at least US$615 million ($843.9m), most of it in dividends. That is one-fifth more than he earned the previous year, as strong investment returns and inflows of fee-paying capital boosted earnings at the world s biggest private equity firm. ....
(2) HALIFAX, NS / ACCESSWIRE / March 2, 2021 / Metamaterial Inc. (the Company or META ) (CSE:MMAT) a developer of high-performance functional materials and nanocomposites, today announced that Scott Richards has joined the Company as Chief Marketing Officer (CMO). Mr. Richards is a growth-focused leader with 20 years of C-suite business and marketing experience. META also appointed Rob Stone as Vice President, Corporate Development and Communications. Mr. Stone brings 26 years of experience as a sell-side analyst covering a broad range of emerging growth sectors, including clean technology, advanced displays, and additive manufacturing. Additionally, META appointed Norbert Münzel as Country Managing Director, Switzerland. Mr. Münzel has over 30 years of experience in specialty materials for electronics, displays, and optical applications, including 25 years in C-level positions. ....