Finance

UBS CEO Ermotti to Receive $17 Million Pay for 2024, Blick Says

Sergio Ermotti.
Photographer: Pascal Mora/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Jeff Black and Noele Illien

March 16, 2025 at 8:44 AM UTC

This article is for subscribers only.

UBS Group AG Chief Executive Officer Sergio Ermotti’s compensation for 2024 is set to reach just over 15 million Swiss francs ($17 million), Swiss newspaper Blick reported.

While the amount is above the 14.4 million francs Ermotti earned for 2023, when he served 9 months in charge of Switzerland’s largest bank, his compensation is less than the maximum allowed by the company’s own rules, the newspaper reported, without saying where it got the information.