UBS has made CEO Sergio Ermotti Europe’s highest-paid bank head less than a year after his return to the company, being paid a total of $15.9M last year, Owen Walker of The Financial Times reports. Ermotti shot to the top of the company, a role he previously held for nine years, a few weeks after UBS agreed to acquire Credit Suisse last March. In a statement, the UBS board said the pay was in recognition of Ermotti’s “excellent performance in a defining year in UBS’s history and strong progress in delivering on integration priorities.”
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