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

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


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...

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