UBS CEO receives 21% rise in pay

Piggy Bank and Coins

UBS raised total compensation for CEO Sergio Ermotti by 21% to $12.3m after the bank returned to profit last year.

Bloomberg reports that Ermotti’s pay included variable compensation and benefits of $9.4m on top of a base salary of $2.86m, the company said in its annual compensation report Friday. He was paid a total of $10.13m for 2012, including the same salary.

Investment banking head Andrea Orcel’s pay surpassed Ermotti’s, making him the highest-paid executive at UBS with $13.06m in total remuneration.

To access the complete Bloomberg article hit the link below:

UBS Raises Ermotti's 2013 Pay 21% After Return to Profit

UBS Traders Found to Have Tried Rigging Hong Kong Interbank Rate

Best place to workThe Best Firm of the Last Decade is...

Register for Financial Markets News Alerts