UBS AG Hikes CEO’s Pay By A Fifth

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Mani
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UBS

UBS AG (NYSE:UBS), Switzerland’s largest bank by assets, hiked its CEO’s pay by 21% over his pay package for the previous year. However, the bank’s re-engineered investment bank head became its most highly paid executive. CEO received $12.3 million In its annual report published Friday, UBS AG (NYSE:UBS) revealed it hiked chief executive Sergio Ernotti’s pay by a fifth last year to 10.73 million Swiss francs ($12.30 million). However, the highest paid executive of the bank was its investment banking chief Andrea Orcel, who earned 11.43 million francs in 2013. The bank’s Chairman Axel Weber was paid nearly 6.1 million…

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports