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UBS Group raised Chief Executive Officer Ralph Hamers's total compensation to 12.2 million Swiss francs ($13 million) for his second full year in the job, even as bonuses for the rest of the firm were cut in a challenging period for dealmaking.
The decision makes Hamers one of Europe's best-paid bank bosses, even as the overall bonus pool for the Swiss bank were cut 10% to $3.3 billion.
It is hardly surprising given the turbulent year that Credit Suisse experienced that half of the most-read stories written by finews.com were in some way about the bank. But one of them was about a diversity champion.
Read more at straitstimes.com.
The Swiss bank's cancelled $1.4 billion acquisition of the robo-advisor means extra money for shareholders.