Finance
Ermotti Is Europe’s Best-Paid Bank CEO as Orcel Wins 32% Raise
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UBS Group AG Chief Executive Officer Sergio Ermotti was the highest-earning CEO across continental Europe’s biggest banks last year, while UniCredit SpA CEO Andrea Orcel got the largest raise.
Ermotti was awarded 14.9 million Swiss francs (15.6 million euros) in total compensation for 2024, putting him well above the average income for the CEOs at the region’s 10 largest lenders, according to calculations by Bloomberg News. Orcel wasn’t far behind at €13.2 million, thanks to a jump of 32% — the steepest among his peers.