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UBS chief's surprise return to the Swiss banking giant bagged him a $15.9 million paycheck – CNBC

Newly appointed UBS CEO Sergio Ermotti (R) speaks with UBS Chairman Colm Kelleher during a press conference in Zurich, March 29, 2023.

Arndt Wiegmann | AFP | Getty Images

UBS CEO Sergio Ermotti will earn 14.4 million Swiss francs ($15.9 million) in 2023 after making a surprise return to the helm of the Swiss giant following its takeover of battered rival Credit Suisse. earned.

The bank announced in late March that Ermotti would return for a second term as CEO, replacing Ralph Hammers on April 5 last year, as UBS tackles the huge task of integrating Credit Suisse’s business. Ermotti’s previous tenure was from 2011 to 2020.

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