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UBS Plans Referral Targets for Swiss Staff, Handelszeitung Says

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Dec. 1 (Bloomberg) -- UBS AG will set targets for employees on referrals between different divisions in Switzerland from next year, Lukas Gaehwiler, who heads business in the country, told Handelszeitung in an interview.

While 75 percent of the performance-related compensation of a regional head will depend on reaching their own targets, the rest will hinge on the volume of referrals, Gaehwiler told the newspaper.

To contact the reporter on this story: Elena Logutenkova in Zurich at elogutenkova@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net

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