You are here

UBS cuts bonus pool, CEO's pay in 'challenging' year

BT_20170311_BONUS11_2786870.jpg
Mr Ermotti's total compensation has been cut to 13.7m Swiss francs, down from 14.3m francs in 2015.

Zurich

UBS Group AG handed out the smallest bonuses in four years and lowered chief executive officer Sergio Ermotti's payout as profit slumped last year.

The bank cut the bonus pool for 2016 by 17 per cent to 2.9 billion Swiss francs (S$4.1 billion), according to its annual report

sentifi.com

Market voices on:

Powered by GET.comGetCom