Hamers took over as chief executive of UBS at the beginning of November 2020.
Keystone / Walter Bieri
The chief executive of Switzerland's largest bank, Ralph Hamers, earned CHF12.6 million ($13.5 million) last year, an increase of CHF1.1 million on 2021.
This content was published on
2 minutes
SRF/SWI/gu
Português
pt
O chefe do banco UBS ganhou um milhão extra em salário anual
Of the CHF12.6 million, CHF2.9 million make up the fixed salary and CHF9.7 million the variable part of the salary, according to the UBS’s annual reportExternal link published on Monday.
The entire executive board of UBS was paid a total of CHF106.9 million in 2022, compared to CHF107.8 million the year before.
Colm Kelleher, who has been chairman of the UBS board of directors since April 2022, will receive CHF 4.8 million for his first year until the next annual general meeting.
The entire board of directors earned CHF12.6 million, slightly more than the CHF12.1 million earned in 2021. Kelleher’s predecessor, Axel Weber, had received CHF5.2 million for the period 2021/22.
Buyback programme
The UBS board of directors will propose a new share buyback programme at the annual general meeting next month.
The new share buyback program will have a value of up to $6 billion (CHF5.6 billion) and will run for two years until 2025. The new share buyback program is to be launched immediately after the completion of the current 2022 share buyback program, according to the invitation to the AGM.
Since the end of March 2022, UBS has been running a programme to buy back up to six billion registered shares by 2024. As the bank had already announced with the fourth-quarter figures at the end of January, shares worth more than $5 billion are to be repurchased this year under the current share buyback programme and the new 2023 programme.
Popular Stories
More
Demographics
Flat-hunting in Switzerland’s cheapest and most expensive municipalities
Train vs plane: would you take a direct train between London and Geneva?
Eurostar is planning to run direct trains from Britain to Germany and Switzerland from the early 2030s. Would you favour the train over the plane? If not, why not?
This content was published on
Emergency crews contained the oil and began removing some of the pollution from the water’s surface, said the St Gallen cantonal police on Sunday.
Switzerland lifts sanctions on Syria after Assad’s fall
This content was published on
Switzerland is lifting economic sanctions on Syria, but targeted measures against figures linked to the former regime remain in place.
Thousands march in Bern calling for Gaza ceasefire
This content was published on
More than 10,000 people – or up to 20,000, according to organisers – marched through central Bern on Saturday afternoon in support for Gaza.
Zurich Pride draws large crowds amid financial strain
This content was published on
Following US President Donald Trump’s attacks on diversity initiatives, Zurich Pride fears more sponsors could pull out and is now facing financial difficulties.
Switzerland ‘deeply alarmed’ by Middle East escalation
This content was published on
Switzerland has voiced serious concern over rising tensions in the Middle East, and the UN chief says he is ‘alarmed’ by US strikes on Iran.
Switzerland among world’s most expensive for household electricity
This content was published on
According to a study by the comparison site Verivox, based on data from Global Petrol Prices, Switzerland came in tenth out of 143 countries.
Global uncertainty boosts Swiss-EU talks, says Cassis
This content was published on
Swiss Foreign Minister Ignazio Cassis says Switzerland’s talks with the European Union (EU) have been boosted by the current difficult global situation.
This content was published on
UBS chairman Colm Kelleher says the Swiss bank plans to expand its wealth management business in the US to compete with the big Wall Street banks.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.