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UBS cuts bonus pool, CEO's pay in 'challenging' year
Published Fri, Mar 10, 2017 · 09:50 PM
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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 published on Friday. Mr Ermotti, 56, remains the highest-paid executive at the Zurich-based lender, with a total compensation of 13.7 million francs, down f…
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