Sergio Ermotti, the CEO of Swiss banking giant UBS, is the highest-paid banker in Europe with a salary of 14.4 million Swiss francs for nine months of work. In April, he took over as head of UBS to manage the acquisition of Credit Suisse. Previously, Ermotti had led the bank for nine years and brought valuable experience to his new role.
In contrast, Ermotti’s predecessor, Ralph Hamers, earned 12.6 million francs in 2022 for twelve months of work. However, this significant difference in compensation highlights Ermotti’s impressive salary as the best-paid banker in Europe.
According to UBS’s annual report, Ermotti received 14.4 million francs in 2023 for his efforts. This places him among the highest-paid banking executives globally and reflects his valuable contributions to UBS and the industry as a whole. Additionally, JPMorgan Chase CEO Jamie Dimon earned $36 million last year in the US, making Ermotti one of the top-paid bankers worldwide.
