Sergio Ermotti, the CEO of UBS, Switzerland's banking giant, has emerged as Europe's highest-paid bank chief, earning 14.4 million Swiss francs ($15.9 million) in 2023. This hefty compensation package comes amid Ermotti's surprise return to the helm of UBS and the bank's ambitious integration of its stricken rival, Credit Suisse.
Ermotti's return to UBS for a second spell as CEO was announced in late March, as the bank embarked on the monumental task of integrating Credit Suisse's business. His previous tenure, which spanned from 2011 to 2020, was marked by notable achievements and strategic initiatives.
