UBS CEO Hamers' pay rises as bank's bonus pool shrinks

A pedestrian passes a UBS Group AG bank branch in Zurich, Switzerland. — Bloomberg

ZURICH: UBS CEO Ralph Hamers was paid 12.6 million Swiss francs ($13.47 million) in 2022, up from 11.5 million francs in the previous year, the bank said in its annual report published on Monday.

Together, the senior executives at Switzerland's biggest bank collected compensation of 106.9 million francs ($114 million) in 2022, slightly down from 107.8 million francs in 2021.