UBS Increases Bonus Pool by 10% as Credit Suisse Integration Nears End
UBS has announced a 10% increase in its bonus pool for the last year as the integration with Credit Suisse nears its completion. However, CEO Sergio Ermotti’s compensation remains at the same level.
Ermotti received a total compensation of 14.9 million Swiss francs ($19.1 million) for the year 2025, with 12.1 million francs in variable compensation, according to UBS’s annual report released on Monday. This amount remains unchanged in Swiss franc terms.
“Our compensation framework remains largely unchanged from the previous year, as we continue to foster a strict pay-for-performance approach,” said UBS Chairman Colm Kelleher in the report.
The increase in UBS’s bonus allocation is attributed to the group’s strong financial performance in 2024, progress with the integration of Credit Suisse, resolution of litigation matters, and market-competitive considerations, as stated in the bank’s report.
CEO Sergio Ermotti’s Compensation Details
Ermotti’s base salary of 2.5 million Swiss francs has remained unchanged since 2011. He was brought back as CEO of UBS in April 2023 to oversee the government-brokered rescue of Credit Suisse. The bank has been facing challenges with the Swiss government regarding planned regulatory changes that could result in significant capital requirements.
Ermotti has expressed his intention to step down once the integration process is completed. UBS is currently identifying potential successors for the CEO role, with Kelleher suggesting the possibility of Ermotti taking over his position in the future.
UBS Investment Bank Performance
Some units within UBS’ investment bank have seen their bonus pools increase by up to 20% for the year 2025. The investment bank reported a 34% gain in operating profit last year, supported by the volatility triggered by President Donald Trump’s tariff actions.
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