UBS CEO Ermotti to get $17 million paycheck for 2024, Blick reports

UBS CEO Ermotti to earn $17 million in 2024, report says

Robert Besser
19 Mar 2025, 17:08 GMT+10

UBS CEO Ermotti to get $17 million paycheck for 2024, Blick reports

UBS CEO Sergio Ermotti will receive a pay package of just over 15 million Swiss francs (US$17 million) for 2024, according to a report by Swiss daily Blick over the weekend
The newspaper did not specify the source of its information
The reported compensation surpasses the 14.4 million Swiss francs Ermotti earned in 2023, a year in which he returned to UBS to oversee the complex integration of Credit Suisse

FRANKFURT, Germany: UBS CEO Sergio Ermotti will receive a pay package of just over 15 million Swiss francs (US$17 million) for 2024, according to a report by Swiss daily Blick over the weekend.

The newspaper did not specify the source of its information.

The reported compensation surpasses the 14.4 million Swiss francs Ermotti earned in 2023, a year in which he returned to UBS to oversee the complex integration of Credit Suisse. That acquisition, finalized in March 2023, saw UBS take over its struggling rival in a government-backed rescue deal worth 3 billion Swiss francs.

Ermotti was the highest-paid executive among major European banks in 2023, and his 2024 compensation reflects the challenges of steering UBS through the unprecedented merger.

UBS declined to comment on the report. On March 17, the bank published its full-year 2024 financial report, which confirmed the details of the executive's compensation.

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