UBS CEO Sergio Ermotti Ranks as Europe’s Best Paid Banker, Outshining Predecessor with Substantial Salary Increase

UBS CEO Sergio Ermotti is the highest-paid banker in Europe, earning 14.4 million Swiss francs for nine months of work. In comparison to his predecessor, Ralph Hamers, Ermotti’s salary is significantly higher, highlighting his impressive compensation as the best-paid banker in Europe.

Ermotti took over the leadership at UBS in April with the task of managing the takeover of Credit Suisse. He had previously headed the bank for nine years, bringing valuable experience to the role. His impressive performance has earned him a substantial salary increase, making him one of the highest-paid banking executives globally.

In contrast, JPMorgan Chase CEO Jamie Dimon earned $36 million last year in the US, placing Ermotti among the top earners in the industry. UBS’s annual report reports that Ermotti received 14.4 million francs for his efforts in 2023, reflecting his valuable contributions to both UBS and the banking industry as a whole.